Update on SoniaThis is Sonia. She previously accessed a loan of 18,000 Philippines pesos (PHP), which she used to buy quantities and varieties of bags and materials for her tailoring business. Her previous loan was a big help in her business. She was able to buy all the materials needed in her business as well as in her personal, household, and business expenditures.
She would like to apply for another 19,000 PHP loan to buy additional stocks of bags to expand her product inventory. The more items displayed the better. More items to sell will result in better profit. The profits from her business will definitely help her to sustain her daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart. She is active in attending the weekly fellowship* as it helps her to believe more in God’s love for mankind. The Bible sharing allows her to learn more about the life 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 repay Micro Finance loans.
Previous Loan DetailsThis is Sonia, 63, a resident of Silang, Cavite, in the Philippines. She is married to Fortunato, a sewer, and they have children. Together with her husband, Sonia manages the household while operating her buy-and-sell business. At this time, she is working hard to continually provide income for ... More from Sonia'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
1321View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Sep 23, 2013
- Oct 21, 2013
- Currency Exchange Loss:
- Apr 16, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.