Update on AnitaAnita is very thankful for the previous financial assistance extended to her because she was able to buy school and office supplies to sell to her customers. Her loan also helped educate her children. The income generated by her business helped her pay everyday household expenses as well. She has been in her current business for 15 years.
She would like to apply for a 15,000 PHP loan to buy school and office supplies and products to sell in her business. More items to sell will result in a better profit, and this will definitely help her to sustain her daily needs and pay for the educational expenses of her children. She looks forward to this financial increase with gladness and thankfulness in her heart.
Anita dreams that her business will continue to grow and expand and she hopes to give her children a good life and education. She meets up with her co-fellowship members* every week to share stories of her work and to draw strength and inspiration from her religion, which she studies.
* 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 study religion, build social capital, and repay microfinance loans.
Previous Loan DetailsThis is Anita. She previously accessed a 14,000 PHP loan, which she used buy school supplies to expand her product inventory. Her earnings were a big help for the education of her children and for the family's personal, household and business expenditures. She would like to apply for another… More from Anita'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
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