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Update on Carmelita

With her prior loan, Carmelita was able to buy more products for her variety store. Her loan also helped in her gardening business and she bought gardening materials and supplies such as seed and fertilizer. The income from her business is assisting with her everyday expenses at home. She continues to work to provide for her needs.

Carmelita is requesting another loan for 30,000 PHP, which she will use to buy groceries, toiletries, beverages and other products to add in her current inventory. The more items displayed at the store the better. More items to sell will result for better profit. Her profits from business will definitely help her to sustain her daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart.

Carmelita dreams that her business will continue to be successful and hopes to have a better living. She meets up with her co-fellowship* members every week to share stories of her work and where she also draws strength and inspiration from the Word of God that 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. The fellowship groups gather each week to study the Word of God, build social capital, and repay Micro Finance loans.

Previous Loan Details

This is Carmelita. She previously accessed a loan of 10,000 PHP that she used to purchase more quantities and varieties of grocery items and products needed in her business. Her earnings were a big help in her personal, household, and business expenditures. She would like to apply for another... More from Carmelita'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.

About Philippines

  • $7,000
    Average annual income
  • 1225
    View loans »
    Philippines Loans Fundraising
  • $63,466,825
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Carmelita to buy groceries, toiletries, beverages and other products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 26, 2013
Dec 23, 2013
Currency Exchange Loss:
Jun 17, 2014