Update on LoidaThis is Loida. She previously accessed a 25,000 Philippine peso (PHP) 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.
Loida would like to apply for a 30,000 PHP loan to buy groceries, toiletries, beverages and other products to add to her inventory. The more items displayed in the store the better! More items to sell will result in better profit. Her profits from the business will definitely help meet her family’s daily needs and children’s education expense. She looks forward to this financial increase with gladness and thankfulness in her heart.
Loida hopes that her business will continue to expand and dreams of helping her family. She meets up with her co-fellowship members* every week to share stories of her life and business and to draw strength and inspiration from her religion.
* 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 each week to study religion, build social capital, and repay microfinance loans.
Previous Loan DetailsLoida has taken out and repaid a prior loan which helped her business a lot, and is requesting a new loan to buy more items to sell to her customers. She has been in this business for 13 years and works hard to provide income for her family. She will use this new loan, for 25,000 PHP, to increase... More from Loida'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