Update on JoseThis is Jose. He and his wife are continuously working to meet their everyday needs.
His previous loan was a big help in his business. He was able to buy more grocery items for his general store. After six years in the business, he was able to attract loyal partners who buy his products and patronize his business.
He would like to apply for another loan in the amount of 11,000 PHP that he would use to buy groceries, toiletries, beverages and other products to add to his inventory. The more items displayed at the store the better. More items to sell will result in better profit. His profits from his business will definitely help him to meet their daily needs. He looks forward to this financial increase with gladness and thankfulness in his heart.
Jose dreams that his business will grow larger and that he will become a successful businessman. He meets with his co-fellowship* members to share stories of his work every week. At these meetings, he also draws strength and inspiration from the Word of God that he studies.
* All CCT community partners and/or 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 Jose; he previously accessed an 11,000 PHP loan that he utilized to purchase more quantities and varieties of grocery items, toiletries and beverages needed in his business. His earnings were a big help in their personal, household and business expenditures. He would like to apply for... More from Jose'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