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Update on Teresita

This is Teresita. Her previous loan was a big help in her business, as she was able to buy the needed products (e.g., clothing and cosmetics) for her direct selling business. In addition to that business, she also has a variety store. She sells slippers for additional income. She is already a widow, and she works hard to provide for her everyday needs.

She would like to apply for another loan, this time in the amount of 50,000 PHP. She will use most of it to buy groceries, toiletries, beverages and other products, to add to her current inventory at the store. The more items displayed at the store, the better. More items to sell will result in better profit. She will use another part of the loan money to buy products for her direct selling business, and slippers to sell. Her profits from business will definitely help her to support herself. She looks forward to this financial increase with gladness and thankfulness in her heart.

Teresita dreams of expanding her business and having more stalls. She hopes for strength and good health to continue working. She meets up with her co-fellowship members* every week, to share stories of her work 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. The fellowship groups gather each week to study the word of God, build social capital, and pay microfinance loans.

Previous Loan Details

This is Teresita. She previously accessed a 25,000 PHP loan that she used to purchase merchandise items and products needed in her business. Her earnings were a big help in her personal, household and business expenditures. She would like to apply for another 27,000 PHP to buy additional supp... More from Teresita's previous loan »

Additional Information

About the Center for Community Transformation

The 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.


About Philippines

  • $7,000
    Average annual income
  • 385
    View loans »
    Philippines Loans Fundraising
  • $70,798,900
    Funds lent in using Kiva
  • 44.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Teresita to buy products for the inventories of her several businesses.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 31, 2013
Sep 3, 2013
Currency Exchange Loss:
Feb 19, 2014