Update on ZenaidaThis is Zenaida. Her previous loan was a big help for her business. She was able to buy all the needed products and supplies and she was able to generate more income. She has been in this business for ten years now. As a widow, she is working hard to provide income for her family's everyday needs and expenses.
She would like to apply for another 18,000 PHP loan to buy additional stocks of supplies and products like dresses and shirts. Her profits from her business will definitely help her to sustain their daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart.
Zenaida dreams to have a bigger place for her business and hopes to have a happy life. She meets up weekly with her co-fellowship* members to share stories of her life and business and draw strength and inspiration from studying the Word of God.
* 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 that gather to study the Word of God, build social capital, and repay microfinance loans.
Previous Loan DetailsThis is Zenaida who previously accessed a 10,000 PHP loan to buy ready-to-wear clothing and merchandise items to expand the inventory for her store. The earnings from her loan were a big help to provide for the education of her children and for her family's personal, household, and business expen... More from Zenaida'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