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Donata

Update on Donata

Donata borrowed a loan and used it in her business. She has a tailoring business where she makes rugs of different sizes and patterns. Aside from her tailoring business, she also has a variety store and sells frozen and processed foods. Her income from the loan is helpful in their everyday expenses at home. She and her husband, who works as a driver, are helping each other to provide for their family and manage their household.

She would like to apply for another 12,000 PHP loan to buy groceries, toiletries, beverages and other products to add to her inventory. The more items displayed at the store, the better. More items to sell will result in better profits. Her profits from the business will definitely help sustain her family’s daily needs and children’s education expense. She looks forward to this financial increase with gladness and thankfulness in her heart.

Donata dreams to be successful both in life and business. She hopes to give her family a good future. She meets up every week with her co-fellowship members* to share stories of her life and business and to also 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. The fellowship groups gather each week to study the Word of God, build social capital, and pay microfinance loans.

Previous Loan Details

This is Donata. She previously accessed a 10,000 PHP loan that she used to purchase quantities of raw materials like fabric, thread and other materials needed in her business. Her earnings were a big help for the education of her children, in their personal, house hold and business expenditures. ... More from Donata'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
  • 1500
    View loans »
    Philippines Loans Fundraising
  • $59,196,250
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Donata to pay for grocery items, toiletries and beverages needed in her business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 3, 2013
Listed
Oct 6, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014