Update on RemediosThis is Remedios. She previously accessed a 15,000 PHP loan that she used to purchase more quantities and varieties of grocery items and products needed in her business. Her earnings were a big help for her children’s education, and in their personal, household, and business expenditures. She is also in a rug making business for additional income.
She would like to apply for another 20,000 PHP loan for her to buy groceries, toiletries, beverages, and other products to add to her inventory. The more items displayed at the store the better. More items to sell will result in better profit. Her profits from business will definitely help sustain her family’s daily needs and children’s education expenses. She looks forward to this financial increase with gladness and thankfulness in her heart.
Remedios dreams to have a shop for her rug making business and hopes to give her children a good life and education. She meets up with her co-fellowship* members to share stories of her work every week, and there she can also draw strength and inspiration from the Word of God 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 DetailsThis is Remedios, 58, a resident of Pasay City, Philippines. She is a mother of six children. She manages her own household while operating her business. At this time, she is working hard to continually provide income for her family's everyday expenses. Remedios runs a variety store. In the Ph... More from Remedios's previous loan »
More information about this loan
About the Center for Community TransformationThe 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
1175View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 7 months (Additional Information)
- Repayment Schedule
- Jun 12, 2013
- Jul 14, 2013
- Currency Exchange Loss:
- Dec 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.