Update on SusanSusan is thankful for the financial assistance extended to her, as she was able to buy the products needed in her manicure and pedicure business. Her loan also helped in her variety store and in the education of her children. Her income from business is assisting their everyday household expenditures. She and her husband are helping each other to generate more income for their family.
She would like to apply for another 20,000 PHP loan to buy groceries, toiletries, beverages and other products to add in her inventory. The more items displayed at the store, the better. More items to sell will result for better profit. Her profits from business will definitely help to meet her family’s daily needs and her children’s education expense. She looks forward to this financial increase with gladness and thankfulness in her heart.
Susan dreams that all her business will be more successful and hopes to give her children a good life and education. She meets up with her co-fellowship* members every week to share stories of her work 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 DetailsThis is Susan. She previously accessed an 8,000 PHP loan that she used for purchasing materials and products needed in manicure and pedicure, like nail polish, nail polish remover, cuticle remover, nail cutter, nail file and other products. Her earnings were a big help for the education of her… More from Susan's previous loan »
More information about this loan
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