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Josefina

Update on Josefina

Josefina previously accessed an 35,000 PHP loan that she used to stock up on mineral water for her business. Her earnings from this loan were a big help in her personal, household and business expenditures.

To help continue her business operations, Josefina is requesting another 37,000 PHP loan. She will be utilizing the loan to buy gallons of mineral water to expand her product inventory. She expects a boost in her business income as she expands her business. Josefina hopes to gain more customers and dreams of becoming a successful businesswoman. She meets up with her co-fellowship members to share stories of her work every week and 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 pay microfinance loans.

Previous Loan Details

This is Josefina. She previously accessed a 28,000 PHP loan that she used to buy more stock of mineral water needed in her business. Her earnings were a big help with their personal, household and business expenditures. She also has a variety store and a loading station for additional income. Sh... More from Josefina'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
  • 1454
    View loans »
    Philippines Loans Fundraising
  • $59,151,425
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Josefina to buy gallons of mineral water to expand her product inventory.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2014
Listed
May 26, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014