- PhilippinesRetailFunding via Center for Community Transformation Credit Cooperative, a partner of HOPE International
- PhilippinesRetailFunding via Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
- PhilippinesRetailFunding via Negros Women for Tomorrow Foundation, Inc. (NWTF)
Update on SoledadSoledad is married and has four children, three of whom are in school. She owns a small retail store where she sells such personal products as dresses, cosmetics and shoes. She is also into direct sales for Natasha, Avon, and Barley. She and her husband work hard to provide for their family’s everyday expenses.
Soledad previously took out and repaid a 50,000 PHP loan from CCT, which she used to buy merchandise for her business. She is applying for another 50,000 PHP loan to increase her product inventory. She knows that the more she has on display and available, the better, and the greater will be her profits.
Soledad’s ambition is to grow her business and help her children finish their studies. She looks forward to this loan with gladness and thankfulness in her heart.
All CCT community clients, of which Soledad is one, are organized into fellowship groups of fifteen to thirty members who meet on a weekly basis. There they share stories of their work, repay microfinance loans and draw strength and inspiration from their study of the Word of God.
Previous Loan DetailsThis is Soledad. She previously received a 35,000 PHP loan that she used to purchase merchandise items and products needed in her business. Her earnings were a big help for the education of her children and in meeting her personal, household, and business expenditures. She would like to apply... More from Soledad's previous 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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