Update on JanetJanet is thankful for the financial assistance extended to her with which she was able to buy more products and ingredients for her food stall. It also helped in her direct selling business. She continues to work to provide for her family.
Janet would like to apply for another 50,000 PHP loan so she can purchase raw ingredients such as rice, pork, chicken, and vegetables, and other products needed in her business. Her profits from the business will definitely help her to sustain her family's daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart.
Janet dreams that her family will always be in good health and hopes that her business will continue to flourish. She meets up with her co-fellowship members to share stories of her life and business every week and draw strength and inspiration from 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, build social capital, and repay microfinance loans.
Previous Loan DetailsJanet previously requested a loan for 30,000 PHP, which she used to buy more quantities of meats, rice, vegetables, condiments, and seasonings. Her earnings were a big help with her family's personal, household, and business expenditures. Janet is requesting another loan for 40,000 PHP, which… More from Janet'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.
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
346View loans »
Success!! The loan was 100% repaid