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Mary Irene

Update on Mary Irene

This is Mary Irene. She previously accessed an 10,000 PHP loan that she used to buy medical supplies, which she will resell to customers. Her earnings were a big help in their personal, household and business expenditures. She also sells school supplies and in catering business for additional income.

She would like to apply for another 30,000 PHP loan for her to buy medical supplies, which she will resell to customers. The more mineral water displayed at the store the better. More items to sell will result in better profit. Her profits from the business will definitely help her to sustain her daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart.

Mary Irene dreams to have a branch soon and hopes to have her own family in five years. She meets with her co-fellowship members* every week, to share stories of her life and business and to draw strength and inspiration from the group members and the Word of God.

* 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 Details

This is Mary Irene, 28, a resident of Dasmariñas, Cavite, Philippines. She is still single and lives with her parents. She helps them manage their household, while she is also attending to her business. She is working hard to provide for her everyday needs, and to be able to help her family as we... More from Mary Irene'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
  • 1184
    View loans »
    Philippines Loans Fundraising
  • $63,443,275
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Mary Irene to pay for medical supplies, which she will resell to customers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 17, 2013
Sep 30, 2013
Currency Exchange Loss:
Apr 16, 2014
This photo was used before for a previous loan for Mary Irene. It was first posted on Kiva on Jun, 2013. Learn More