Update on AidaThis is Aida. She previously accessed a PHP 50,000 loan that she used to purchase more quantities and varieties of grocery items, toiletries, and beverages needed in her business. Her earnings were a big help in her personal, household, and business expenditures. For additional income, she also has a food stall.
Aida would like to apply for another PHP 50,000 loan to buy groceries, toiletries, beverages, and other products to add to her current inventory. The more items displayed at the store, the better. More items to sell should result in greater profit. Her profits from business will definitely help her to sustain her daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart.
Aida hopes for a continuous business expansion and dreams to give her family a good life. Every week, she meets with her co-fellowship members* to share stories of her life and business and to draw strength and inspiration from the fellowship and from her studies of the Word of God.
*All Center for Community Transformation (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 Aida. Her previous loan was a big help to her business. She was able to buy all the ingredients she needed for her grocery store. She has had this business for 23 years now. In addition to her variety store, she also operates a food stall and repackages products to earn additional income.… More from Aida's previous loan »
More information about this loan
On Friday November 8, 2013, Super Typhoon Haiyan made its way through Southeast Asia, causing substantial damage to homes and businesses in areas of the Philippines. Given the state of devastation following this storm, borrowers living and working in these areas may have difficulty making repayments on their loans, thus making their Kiva loans higher risk. More information >>
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
297View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 7 months (Additional Information)
- Repayment Schedule
- Aug 19, 2013
- Aug 28, 2013
- Currency Exchange Loss:
- Feb 19, 2014