Check out some available loans that are similar to this one!

Update on Alma

This is Alma. She previously received a 50,000 PHP loan that she used to purchase grocery items needed for her business. Her earnings have helped with her children's education, personal household and business expenditures.

She would like to apply for another loan of 50,000 PHP to buy groceries, toiletries, beverages and other products to add to her inventory. She believes that having more items displayed for sale at the store will result in better profit. Her profits from the business will help support her family’s daily needs and her children’s education expense. She looks forward to this increase in profit with happiness and is thankful in her heart.

Alma hopes that her business will turn into a grocery someday. She wants to become a successful business woman and hopes that her children will be able to finish their studies and have a good life once they settle down. She is active in attending the weekly fellowship* because she finds that the sharing inspires her to be optimistic in her life.

* 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 Alma, 54, a resident of Quezon City, Philippines. She is married to Peregrino, 53, who is self-employed. They have two children. The older child helps her in her business; the younger is in elementary school. Her business is a big help in sustaining the family. Alma owns a variety sto... More from Alma'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
  • 343
    View loans »
    Philippines Loans Fundraising
  • $70,737,375
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Alma to pay for grocery items needed for her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 15, 2012
Oct 28, 2012
Currency Exchange Loss:
May 17, 2013
This photo was used before for a previous loan for Alma. It was first posted on Kiva on Nov, 2011. Learn More