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Danita

Update on Danita

This is Danita. Her previous loan was a big help in her business, and she is thankful for the financial assistance given to her. Aside form her direct selling business, she also has a small food stall where she sells some food for snacks. She and her husband are working to provide for their everyday needs.

She would like to apply for another loan, this time 35,000 PHP. She will use the loan to buy more items to increase her product inventory. The more items she has available on hand, the better. More items to sell will result in a better profit. Her profits from business will definitely help her to sustain her child’s education and the daily needs of her family. She looks forward to this financial increase with gladness and thankfulness in her heart.

Danita hopes to have other sources of income with which to provide for her family, and she dreams that her child will finish his studies. She meets up with her co-fellowship members* every week, to share stories of her life and business 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 on a weekly basis. A fellowship group is composed of 15 to 30 community partners who gather each week to study the Word of God, build social capital, and pay micro finance loans.

Previous Loan Details

This is Danita, who previously accessed a 25,000 PHP loan that she used to purchase merchandise items and products needed in her business. Her additional earnings were a big help in her children’s education and in the family's personal, household and business expenditures. Danita is requesti... More from Danita'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
  • 1645
    View loans »
    Philippines Loans Fundraising
  • $59,025,175
    Funds lent in using Kiva
  • 44.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Danita to buy more items to increase her product inventory, like clothing, footwear, and personal care products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2013
Listed
Sep 12, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 18, 2014