Update on SamsonSamson has been operating his own “sari-sari” (variety) store for fifteen years and he earns well from this. Having a big family requires more effort to provide for their needs, especially for his three children. Samson and his wife had to work hard, with determination to have a better income, to provide their children with better education.
To improve sales, Samson would like to apply for a new loan to purchase additional grocery goods to sell. At an amount of PHP 24,000, he could already purchase more quantities and varieties of grocery items, toiletries, and beverages needed in his business. He sincerely lets you know his heartfelt thanks and appreciation for this assistance in advance.
In the future, Samson wants to open branches for his variety store. He also hopes to see improvement in his life, in his wife's, and in his children's.
He meets up every week with his co-fellowship members to share stories of his life and business and to draw strength and inspiration from the fellowship and the Word of God, which he studies.
All Center for Community Transformation (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 microfinance loans.
Previous Loan DetailsThis is Samson, 61, a resident of Intramuros, Manila, Philippines. He is married to Amelita, a vendor, and they have children. He and his wife manage their household while operating their business. Samson works hard to continually provide income for their everyday expenses. Samson operates a v... More from Samson'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
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
892View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Jun 19, 2014
- Jun 25, 2014
- Currency Exchange Loss:
- Nov 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.