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Pacita

Update on Pacita

Pacita previously received a 50,000 PHP loan that she used to purchase more quality golf balls to sell. Her earnings were a big help for her children’s education and in her family’s personal, household, and business expenditures.

She would like to apply for another 50,000 PHP loan to buy more quality golf balls to sell. More items to sell will result in a better profit. Her profits from business will definitely help to sustain her family’s daily needs and her children’s education expenses. She looks forward to this financial increase with gladness and thankfulness in her heart.

Pacita hopes her business will be more flourishing and dreams that her family will always be in good health. She meets with her co-fellowship members. All CCT community partners/clients are organized into fellowship groups of 15 to 30 members who meet on a weekly basis. They gather each week to study the Word of God, to build social capital, and to repay microfinance loans.

Previous Loan Details

This is Pacita. Her previous loan was a big help in her business. She was able to buy more golf balls needed in her business. Her income from business helps meet her family's everyday expenses. She has been in this business for 15 years now. She and her husband are working hard to provide for the... More from Pacita'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

  • $7,000
    Average annual income
  • 1118
    View loans »
    Philippines Loans Fundraising
  • $57,777,750
    Funds lent in using Kiva
  • 44.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Pacita to buy more quality golf balls to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2014
Listed
Feb 22, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014