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Kristine

Update on Kristine

Kristine has been selling home products for five years now, and her business continues to grow. She is thankful for the previous financial assistance extended to her, as she was able to buy more merchandise to sell. Kristine's loan was also helpful in the education of her children. Her income is helping to pay for the family's everyday household expenditures as she and her husband work hard to provide for their everyday needs.

Kristine is now requesting a new loan of 50,000 PHP to buy merchandise and products needed in her business such as electric fans, rice cookers, flat irons, bags, etc. More items to sell will result in better profit. Her profits will definitely help her to sustain her family's daily needs and the educational expenses of her children. She looks forward to this financial increase with gladness and thankfulness in her heart.

Kristine hopes to be more successful in business and dreams that her children will finish their studies. She meets up with her co-fellowship* members to share stories of her work every week. This is where she finds strength and inspiration from the word of God she studies.

* All CCT community partners / clients are organized into fellowship groups 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 Kristine. Her previous loan was a big help in her business, as she was able to buy more merchandise products. Her loan also helped in the education of her children. Her income, on the other hand, assisted in their everyday expenses. She would like to apply for another 50,000 PHP loan to… More from Kristine's previous loan »

Additional Information

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 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

  • $1175
    Average annual income
  • 292
    View loans »
    Philippines Loans Fundraising
  • $50,700,950
    Funds lent in using Kiva
  • 44.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Kristine to pay for merchandise and products such as electric fans, rice cookers, flat irons, bags, etc. needed in her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2013
Listed
Jan 6, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014