Check out some available loans that are similar to this one!
Edna

Update on Edna

Edna's previous loan was a big help in her business as she was able to buy additional stocks of clothing needed in her buy and sell business. Aside from this, she was also able to add other business and send her children to school.

At present, she manages a small variety store and also trades perfume as her additional product in her buy and sell business. Together with her husband, she works hard to provide for their family's everyday needs. She would like to apply for another loan, this time 10,000 PHP. She will use the new loan to buy additional supplies of products needed in her businesses. Her profits from business will definitely help sustain her daily needs and provide for her children’s education. She looks forward to this financial assistance with gladness and thankfulness in her heart.

Edna hopes expanding her business and dreams to have a happy and fruitful life by the grace of God. She meets with her co-fellowship* members every week to share stories of her life and business and to also draw 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 Edna, 42, a resident of Batasan, Quezon City, Philippines. She is married to Romeo, a construction worker, and they have children. She and her husband manage their household while operating the business. She works hard to provide income for their everyday expenses. Edna operates the bu... More from Edna'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.

About Philippines

  • $1175
    Average annual income
  • 1142
    View loans »
    Philippines Loans Fundraising
  • $54,566,475
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Edna to pay for additional stocks of clothing, perfume and groceries for her business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2014
Listed
Jun 13, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014
This photo was used before for a previous loan for Edna. It was first posted on Kiva on Jul, 2013. Learn More