Update on LilibethThis is Lilibeth. Her previous loan was a big help, as she was able to purchase products for her direct selling business. The loan was also useful in the education of her children. Her income from the loan assisted with her family's everyday expenditures at home. She and her husband are working hard to provide for their everyday needs.
She would like to apply for another loan, this time 50,000 PHP. It will be used to buy additional supplies and merchandise such as clothing, footwear, undergarments, cosmetics, tupperware, electric fan, a television and other appliances. The more items she has on display and available on hand, the better. More items to sell will result in a better profit. Her profits from this business will definitely help her to sustain her children’s education and daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart.
Lilibeth hopes to become financially stable and she dreams that her children will finish their studies. She meets up with her co-fellowship* members every week to share stories of her work. She also draws strength and inspiration from her studies of the Word of God.
*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 pay Micro Finance loans.
Previous Loan DetailsLilibeth is 47 years old and a resident of Payatas, Philippines. She is a mother of four children and is married to Rufo, a plumber. At this time, she is working hard to continually provide income for their everyday expenses. Lilibeth operates a buy and sell business. What she does is buy… More from Lilibeth'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.
372View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Jul 17, 2014
- Jul 31, 2014
- Currency Exchange Loss:
- Feb 20, 2015
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.