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Update on Carmen

Carmen owns and operates two tricycle units. She has been successful in this business for ten years, and she repaid her previous loan used for the business. She also finds ways to improve her income by offering electronic load service.

Relative to this, she would like to take a new loan to buy spare parts and accessories for their vehicles. She is requesting an amount of PHP 12,000 for the maintenance of their tricycle units to continue operation of her business.

In the future, Carmen wants to manage her own "sari-sari" store. She meets up 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 that 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 pay microfinance loans.

Previous Loan Details

This is Carmen's eleventh loan cycle. She used her loans on her business, and this gave her a good reward. Her business is continuously expanding, and she now has two tricycles. Her children are all working now, and she uses her income in their everyday expenses. Her husband helps her in generati... More from Carmen'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
  • 1607
    View loans »
    Philippines Loans Fundraising
  • $60,713,650
    Funds lent in using Kiva
  • 44.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Carmen to pay for spare parts and maintenance of her tricycles.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Jun 6, 2014
Jun 23, 2014
Currency Exchange Loss:
Oct 17, 2014
This photo was used before for a previous loan for Carmen. It was first posted on Kiva on Aug, 2013. Learn More