Update on AlejandraAlejandra has faithfully paid back her previous loan which she used for her direct selling business. She also has been operating a “sari-sari” (variety) store for ten years and she earns well from this. Having a bigger family requires more effort to provide for their needs, especially for her three children. She had to work hard, with the determination of having better income, to provide their children with better education.
To improve sales, Alejandra would like to apply for a new loan to purchase additional grocery goods to sell. With PHP 30,000, she can purchase more quantities and varieties of grocery items, toiletries and beverages needed in her business. She sincerely lets you know her heartfelt thanks and appreciation for this assistance in advance.
In the future, Alejandra wants that her profit from business will continue to increase. She also hopes good health and good life for her family. She meets up with her co-fellowship* members to share stories of her life and business every week and also draw strength and inspiration from the fellowship and 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 microfinance loans.
Previous Loan DetailsThis is Alejandra. She previously accessed an 40,000 PHP loan that she used to purchase merchandise items and products 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 apply for anot... More from Alejandra'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