Update on GregorioGregorio previously accessed an 20,000 PHP loan that he utilized to purchase more fish net, scotch brite, steel wool and other products. His earnings were a big help in his personal, household and business expenditures. His wife is helping him in generating income for their family.
He would like to apply for another 22,000 PHP loan to buy groceries, toiletries, beverages and other products to add to his inventory. The more items displayed at the store the better. More items to sell will result in better profit. His profits from his business will definitely help him to sustain their daily needs as well as the educational expenses of his children. He looks forward to this financial increase with gladness and thankfulness in his heart.
Gregorio hopes that his business will grow and expand even bigger. He dreams that his family will always be in good health and condition. He hopes that his children will finish their studies. He meets up with his co-fellowship* members to share stories of his work every week and also to draw strength and inspiration from the Word of God he 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 Microfinance loans.
Previous Loan DetailsThis is Gregorio, 42, a resident of Payatas, Philippines. He is married to Normita, a housekeeper and they have children. He helps them in managing their household and he also works to help his family. Gregorio has a retailing business. He buys large amount of products such as fish net, steel… More from Gregorio'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
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.
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Success!! The loan was 100% repaid