Update on RowenaThis is Rowena, whose previous loan was a big help in that she was able to buy more gallons of water for her water distribution enterprise. Her profits arsing from the loan also helped both in the education of her children and their everyday household expenditures. Rowena also has a direct selling business as she and her husband work hard to provide for their everyday needs.
Rowena is requesting a new loan for 35,000 PHP to buy additional stocks of mineral water needed in her business. The more mineral water displayed in the store, the better. More items to sell will result in better profit. She looks forward to this financial increase with gladness and thankfulness in her heart.
Rowena dreams of even greater business success and hopes to have their own house and vehicle someday. She meets up with her co-fellowship members to share stories of her 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 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 microfinance loans.
Previous Loan DetailsThis is Rowena; she previously accessed a 16,000 PHP loan that she used to buy more stock of mineral water needed in her business. Her earnings were a big help in her personal, household, and business expenditures. She would like to apply for another 22,000 PHP loan to buy additional mineral wat... More from Rowena'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
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.
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