Update on RizalynRizalyn previously accessed a 25,000 PHP loan to buy children's clothing for her business. Her earnings helped to pay for the education of her child, personal house hold expenses, and business expenditures.
She would like to apply for another 10,000 PHP loan to buy children's clothing. The more items displayed at the store, the better. More items to sell will result in better profits. Her profits from business will definitely help her to meet the daily needs and educational expenses of her children. She looks forward to this financial increase with gladness and thankfulness.
Rizalyn dreams of having other sources of income and hopes that her youngest child will finish his studies.
She meets weekly with her co-fellowship* members to share stories of her life and business. She can also draw strength and inspiration from the Word of God 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 DetailsThis is Rizalyn, 39, resident of Cabrera, Pasay, Philippines. She is married to Alberto, a side car boy, and is the mother to one child. She together with her husband manage their household while operating the business. She works hard to provide income for their everyday expenses. Rizalyn oper... More from Rizalyn'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
1159View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 5 months (Additional Information)
- Repayment Schedule
- May 2, 2014
- May 17, 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.