Update on BelenThis is Belen. She previously accessed a 10,000 PHP loan that she used to purchase more quantities and varieties of bags to expand her product inventory. Her earnings were a big help for the education of her children and in their personal, household, and business expenditures.
She would like to apply for another 50,000 PHP loan for her to pay for more quantities and varieties of bags to expand her product inventory. More items to sell will result in better profits. Her profits from her business will definitely help her to sustain her daily needs and educational expenses of her children. She looks forward to this financial increase with gladness and thankfulness in her heart.
Belen hopes that her business will continue to flourish and dreams that her family will always be in good health. She meets up with her co-fellowship members to share stories of her work every week. This is where she grows and finds strength 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 pay microfinance loans.
Previous Loan DetailsThis is Belen, 50, resident of Intramuros, Manila, Philippines. She is married to Wilfredo, a vendor, and is a mother to her children. She and her husband manage their household while operating the business. At this time, she is working hard to continually provide income for her everyday expenses... More from Belen'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
1145View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 7 months (Additional Information)
- Repayment Schedule
- Sep 5, 2013
- Sep 18, 2013
- Currency Exchange Loss:
- Feb 20, 2015