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Elizabeth

Update on Elizabeth

This is Elizabeth. Her previous loan was a big help in her business. The loan also helped in the education of her children and in their everyday expenses. She and her husband are working hard to provide for their everyday needs. She also has a variety store and a tailoring business for additional income.

She would like to apply for another 10,000 PHP loan to buy spare parts and for the maintenance of their van unit. Her profits from her business will definitely help her to sustain their daily needs and pay for her children's education. She looks forward to this financial increase with gladness and thankfulness in her heart.

Elizabeth dreams to have additional units of van. She meets up with her co-fellowship* members weekly to share stories of her life and business and to draw strength and inspiration from the Word of God that she studies.

* All CCT community partners/clients are organized into fellowship groups that meet on a weekly basis. A fellowship group is composed of 15 to 30 community partners. The fellowship groups gather each week to study the Word of God, build social capital, and repay microfinance loans.

Previous Loan Details

This is Elizabeth. Her previous loan was a big help for her business. She was able to buy spare parts for her van and had it repaired. Aside from her variety store, she also has a variety store for additional income. She and her husband are working hard to provide income for their everyday needs.... More from Elizabeth's previous loan »

Additional Information

About the Center for Community Transformation

The Center for Community Transformation (CCT) is dedicated to the development of communities and lives via spiritual transformation and access to financial services. CCT offers loan products to address the needs of micro-entrepreneurs in the Philippines. The organization’s loan products include small business, education, and housing loans. CCT utilizes a community-based approach to provide a variety of non-financial services that include training and development programs, clinics, disaster relief operations, a low-cost medicine program, and social service programs. CCT offers a unique “Pavement Dweller” program designed to provide food, housing, and job training. CCT also provides education support services to the poorest groups in the Philippines. Find more information about CCT on their website or join their lending team.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Philippines

  • $7,000
    Average annual income
  • 1470
    View loans »
    Philippines Loans Fundraising
  • $59,381,875
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Elizabeth to pay for spare parts and maintenance of their van.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 3, 2013
Listed
Jul 10, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014