Update on CeliaThis is Celia. She previously accessed an 40,000 PHP (Philippines Pesos) loan that she used to purchase more quantities and varieties of grocery items and products needed in her business. Her earnings were a big help for her children’s education and in their personal, household, and business expenditures.
She would like to apply for another 50,000 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 profit. Her profits from the business will definitely help sustain her family’s daily needs and children’s education expenses. She looks forward to this financial increase with gladness and thankfulness in her heart.
Celia dreams that her business will grow and expand and hopes that her children will finish their education. She meets with her co-fellowship* members to share stories of her work every week and draw strength and inspiration from studying 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 who gather weekly to study the Word of God, build social capital, and repay microfinance loans.
Previous Loan DetailsThis is Celia. Her previous loan was a big help in her business and she was able to buy all the products she needed for her variety store. Her loan was also a big help in the education of her children and for providing for her family's everyday expenses. Celia's variety store has been running for... More from Celia's previous loan »
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.
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Success!! The loan was 100% repaid