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Update on Nestor

Nestor is very thankful for the financial assistance extended to him. He is using his loan in his business and his business is continuously growing. From his loan, he was able to assist his children's education as well. There are some challenges that he is facing in his business but he is always finding ways to overcome them. He is a hardworking father whose desire is to help not just his family but even others.

He would like to apply for another 50,000 PHP loan which he will use to buy more fish to sell. More items to sell will result in better profits. His profits from his business will definitely help him to sustain their daily needs. He looks forward to this financial increase with gladness and thankfulness in his heart.

Nestor dreams to have more stalls for his business and hopes that his family will always be in good health. He meets up with his co-fellowship* members to share stories of his work every week and where he can also draw strength and inspiration from the Word of God he 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 Micro Finance loans.

Previous Loan Details

Nestor has taken out and repaid a loan for PHP 30,000 that he used to buy more fish to sell. The additional money he earned was a big help in meeting his expenses. He has been in this line of work for 20 years and is requesting a new loan, for PHP 50,000, to buy more fish to sell. He hopes this l... More from Nestor'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
  • 716
    View loans »
    Philippines Loans Fundraising
  • $63,222,225
    Funds lent in using Kiva
  • 44.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Nestor to buy more fish to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 29, 2013
Sep 10, 2013
Currency Exchange Loss:
Mar 18, 2014