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Update on Cristy

Cristy is thankful for the financial assistance extended to her, as she was able to buy the raw materials needed in her tailoring business. Her loan was also helpful in the education of her children. Her income from business assisted in their everyday household expenditures. Her husband is a carpenter and is helping her in providing for their family. She also has a direct-selling business and sells mineral water for additional income.

She would like to apply for another PHP 15,000 loan to buy additional supplies of raw materials like fabric, cloth, thread, needles, and other materials needed in her tailoring. Her profits from business will definitely help her to sustain her daily needs and her children’s education. She looks forward to this financial increase with gladness and thankfulness in her heart.

Cristy dreams that all her businesses will last longer, and she hopes to give her family a good future. She meets up with her co-fellowship* members weekly to share stories of their work and to 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 repay their microfinance loans.

Previous Loan Details

This is Cristy. Her previous loan was a big help in her business. She was able to buy the materials that she needed and she was able to have more output. The loan also helped with their everyday expenditures, especially with her children's education. She has been in this business for 20 years now... More from Cristy'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
  • 339
    View loans »
    Philippines Loans Fundraising
  • $70,740,900
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Cristy to pay for fabric, cloth, thread, needles, and other materials needed in her tailoring.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Oct 7, 2013
Nov 4, 2013
Currency Exchange Loss:
Apr 16, 2014