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Update on Teresita

This is Teresita. She previously accessed an 8,000 PHP loan, which she used buy additional stocks of car accessories and other products needed for her car wash business. Her earnings were a big help in the education of her children and with their personal, household, and business expenses.

She would like to apply for another loan, of 12,000 PHP, to use to purchase more products like meat, rice, vegetables, condiments and seasonings. Her car wash business is still existing and growing. Her profits from business will definitely help her to sustain her daily needs and meet the educational expenses of her children. She looks forward to this financial improvement with gladness and thankfulness in her heart.

Teresita dreams to have a good future and hopes to give her children a quality education. She never fails to attend the fellowship* meeting every week, as it inspires her to become a better person by studying the word of God and sharing His goodness with everyone.

* 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 microfinance loans.

Previous Loan Details

This is Teresita, who is 49 and a resident of Quezon City, Philippines. She is married to Enrique, 50, who is a driver. She is a mother of three children: Her eldest has just graduated from college; the second one is still in college; and the youngest is in high school. She keeps herself busy att... More from Teresita'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
  • 427
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 41.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Teresita to pay for more products like meat, rice, vegetables, condiments and seasonings.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Sep 27, 2012
Oct 17, 2012
Currency Exchange Loss:
Feb 15, 2013