Update on Mary GraceThis is Mary Grace, a dentist whose previous loan was a big help in buying more medicines and other supplies for her dental clinic. With 20 years in the business, Mary Grace has established a good name in her community and is patronized by the people in the community. She and her husband, who is also a dentist, are working hard to provide income for their everyday needs.
Mary Grace is requesting a new loan for 50,000 PHP to buy an additional stock of supplies, materials and medicines needed in her business. Her profits will definitely help her to sustain their daily needs and the educational expenses of her children. She looks forward to this financial increase with gladness and thankfulness in her heart.
Mary Grace hopes that her business will continue its success, and dreams of giving her children a good life and future. She regularly meets with her co-fellowship* partners to share stories of her life and business and draw strength and inspiration from the Word of God she studies.
* 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 who gather each week to study the Word of God, build social capital and repay micro finance loans.
Previous Loan DetailsThis is Mary Grace. She previously accessed an 20,000 PHP loan that she used to purchase additional stock of supplies and materials needed in her business. Her earnings were a big help for her children’s education, and in their personal, household and business expenditures. She would like to ... More from Mary Grace'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