Update on LuciaLucia owns and operates a jeepney unit. She has been successful in this business for five years, and she repaid her previous loan. She also finds ways to improve her income by managing and maintaining a piggery, which also helps to provide her family's everyday needs.
Lucia would like to take a new loan to buy spare parts and accessories for the vehicle and also to buy more pigs and feed needed in her piggery. She is requesting 50,000 PHP for the specific needs of her businesses. Lucia is shown in the photo with her piggery.
In the future, Lucia hopes to increase her profit and further improve her businesses. She only desires good health and a sufficient living for her family. She meets up with her co-fellowship members to share stories of her work every week, and she can also draw strength and inspiration from the Word of God that 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 DetailsLucia is very thankful for the financial assistance extended to her. It was useful for her businesses and served as additional capital. It is also helpful in her household's everyday expenditures. She is a jeepney operator and a computer shop owner. She also has a piggery and she sells charcoal. ... More from Lucia'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