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Trinidad

Update on Trinidad

Trinidad is thankful for the previous financial assistance extended to her which enabled the purchase of more ingredients to cook for her food stall. In this business for 12 years now, she has seen its growth over the years. Her income is a big help for the family's everyday expenses.

Trinidad is requesting another 20,000 PHP loan for her to purchase raw ingredients including rice, pork, chicken and vegetables needed in her business. Her profits will definitely help her to sustain her daily needs and the educational expenses of her children. She looks forward to this financial increase with gladness and thankfulness in her heart.

Trinidad hopes for the continuous growth of her enterprise and dreams of helping her children in every way she can. She meets up with her co-fellowship* members every week to share stories of her work and to draw strength and inspiration from the Word of God that she studies.

* All CCT community partners / clients are organized into fellowship groups, each composed of 15 to 30 community partners, that meet on a weekly basis to study the Word of God, build social capital, and pay microfinance loans.

Previous Loan Details

This is Trinidad's fifteenth loan cycle. Her last loan, just like her previous loans, helped a lot in her business. It also helped her family financially, specially in supporting her children's education. Trinidad and her husband, who is a maintenance worker, continue to work to provide for their... More from Trinidad's previous loan »

Additional Information

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 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

  • $1175
    Average annual income
  • 986
    View loans »
    Philippines Loans Fundraising
  • $54,491,625
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Trinidad to pay for raw ingredients like rice, pork, chicken and vegetables needed in her business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 1, 2013
Listed
Oct 11, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014