Update on MarilynMarilyn previously accessed a PHP 25,000 loan that she used to buy spare parts and accessories and to pay for the maintenance of her tricycle unit. Her earnings were a big help for the education of her children, and in her personal, household, and business expenditures.
Marilyn would like to apply for another loan, in the amount of PHP 30,000, to buy spare parts and pay for the maintenance of her tricycle unit. Her profits from her business will definitely help her to sustain her daily needs and the education of her children. She looks forward to this financial increase with gladness and thankfulness in her heart.
Marilyn dreams to be more successful in business and she hopes that all her children will finish their studies. Every week, she meets with her co-fellowship members* to share stories of her work and to draw strength and inspiration, by studying the Word of God.
* All Center for Community Transformation (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 pay microfinance loans.
Previous Loan DetailsThis is Marilyn. Her previous loan was a big help in her business and for her household expenses and her children's education. She has had this business for six years. She and her husband work hard to provide for their everyday needs. She would like to apply for another 25,000 PHP loan to buy ... More from Marilyn'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
313View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Feb 7, 2014
- Feb 10, 2014
- Currency Exchange Loss:
- Sep 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.