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Update on Grace

This is Grace. She previously took out a 16,000 PHP loan that she used to purchase merchandise needed in her business. Her earnings were used for her children’s education and for their personal, household and business expenses.

She would like to apply for another 18,000 PHP loan to buy additional supplies like clothing, footwear, undergarments, and cosmetics to sell. The more items she has on display and available on hand, the better. More items to sell will result in better profit. Her profits from the business will definitely help her to sustain her children’s education and daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart.

Grace dreams of expanding her business and hopes to give her children a good life and education. She meets with her co-fellowship* members to share stories of her life and business every week and study the Word of God.

* 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 pay micro finance loans.

Previous Loan Details

Grace, age 56, maintains a direct selling business. She sells clothing, footwear, undergarments, cosmetics, and other products through popular direct-selling brands like Avon, Fullerlife, Natasha, Boardwalk, and Marikina Shoe Exchange. A customer's order is bought in cash by the dealer and then g... More from Grace'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
  • 1644
    View loans »
    Philippines Loans Fundraising
  • $60,717,100
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Grace to buy additional merchandise like clothing, footwear, undergarments, and cosmetics, needed in her business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jul 5, 2013
Jul 10, 2013
Currency Exchange Loss:
Jan 17, 2014
This photo was used before for a previous loan for Grace. It was first posted on Kiva on Jul, 2012. Learn More