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Guadalupe

Update on Guadalupe

Guadalupe is thankful for the financial assistance extended to her, as she was able to buy more fruits and vegetables for her business. Her income is a big help for their household's everyday expenditures. Aside from her fruits and vegetables business, she also has a variety store for additional income. She and her husband are working hard to provide for their everyday needs.

She would like to apply for another 50,000 PHP loan for her to purchase more fruits and vegetables needed in her business. She will also use the loan to buy grocery items for her variety store. Her profits from the business will definitely help her to sustain their daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart.

Guadalupe hopes that her business will continue to flourish, and dreams of having a better living. Every week, she meets up with her co-fellowship* members to share stories of her life and business, and draw strength and inspiration from the Word of God she studies.

* All Center for Community Transformation Credit Cooperative (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 microfinance loans.

Previous Loan Details

This is Guadalupe. Her previous loan was a big help in her business. She was able to buy more grocery items and she was able to generate more income. She also sells different fruits and vegetables and she focuses on this more than her variety store. She has been in this business for thirty years ... More from Guadalupe's previous loan »

Additional 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.

Tags

About Philippines

  • $7,000
    Average annual income
  • 1445
    View loans »
    Philippines Loans Fundraising
  • $59,117,025
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Guadalupe to buy for more vegetables and fruits for her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2013
Listed
Oct 27, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Guadalupe. It was first posted on Kiva on Apr, 2013. Learn More