Update on MarcelineThis is Marceline. She previously accessed a 50,000 Philippine peso (PHP) loan that she used to buy spare parts and accessories for her jeepney as well as pay for its maintenance. Her earnings were a big help in their personal, household and business expenditures. She has been in this business for twenty years now and they have six jeepney units. She also rents out a house for additional income.
Marceline would like to apply for another 30,000 PHP loan to buy spare parts and pay for maintenance of their jeepney. Her profits from the business will definitely help meet her business and family’s daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart.
Marceline hopes that her business will grow even more and prays for good health. She faithfully meets up with her co-fellowship members to share stories of her work every week and also draws strength and inspiration from the Word of God she studies.
Note: Curiously, Jeepneys have purely American origins. They were first used by American soldiers helping the Philippines throw off the invading Japanese. Filipino ingenuity, however, managed to see this vehicle as an opportunity to earn and modified the Jeep into a 20-seater jeepney – open enough to provide adequate ventilation, sturdy for everyday travel, and cheap enough to buy and maintain. Now, the jeepneys are one of the things that makes the Philippines truly the Philippines.
* 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 repay microfinance loans.
Previous Loan DetailsThis is Marceline, 60, a resident of Taguig, Philippines. She is married to Jun, a jeepney operator, and a mother to her children. She, together with her husband, manages their household while operating the business. At this time, she is working hard to continually provide income for their everyd... More from Marceline'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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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Jan 17, 2013
- Jan 21, 2013
- Currency Exchange Loss:
- Jun 17, 2013
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.