Update on GenieThis is Genie. She previously obtained a PHP 20,000 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 expenses.
She would like to apply for another PHP 30,000 loan to buy still more 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 will result in better profit.
Her profits from her business definitely help her to sustain her daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart.
Genie dreams of expanding her business and having more products. She meets up with her co-fellowship* members to share stories of their work every week and to draw strength and inspiration from the Word of God she studies.
* All CCT community partners / clients are organized into fellowship groups that meet every week. 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 their Micro Finance loans.
Previous Loan DetailsThis is Genie, 57, a resident of Caloocan, Philippines. She is married to Roel and a mother to her children. She, together with her husband, manages their household while operating the business. At this time, she is working hard to continually provide income for their everyday expenses. Genie ... More from Genie'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
1515View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 7 months (Additional Information)
- Repayment Schedule
- Aug 8, 2013
- Sep 9, 2013
- Currency Exchange Loss:
- Feb 19, 2014
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.