Gorgonia Suarez


Status: Paying Back

$225.00   Loan Amount
46% repaid

About the Entrepreneur

Name: Gorgonia Suarez
Location: Silang, Cavite, Philippines
Activity: General Store

About the Loan

Loan Amount: $225.00
Loan Use: To buy more items to sell like charcoal and rice
Repayment Term: 5 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 25, 2009
Date Disbursed: Sep 8, 2009
Date Funded:Sep 25, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.5219 PHP = 1 USD



This is Gorgonia Suarez, who is 57 years old. She lives in Silang, Cavite, and has six children, one of whom is in college. The rest of her children live at home. She is married to a preacher.

Gorgonia owns a general store situated in front of their house. It has been in operation for eight years now. She laments that competition within is stiff considering that three other stores are located in her immediate area. But she is thankful that customers are still loyal to her because her store sells more items than others. Thanks to the loans provided by the Center for Community Transformation (CCT) Credit Cooperative, her store grew steadily.

She is now on her 4th loan cycle. She will use the funds to buy more items to sell at her store like charcoal (for fuel), and rice.

Gorgonia hopes to see her children finish their college education.



About CCT

The Center for Community Transformation (CCT) is an organized Christian response against poverty and social injustice. This is carried out through the fusion of social development initiatives and evangelical mission in a uniquely Filipino context. It serves urban and rural poor communities throughout the Philippines, in pursuit of its desire to see changed lives, strong families, and transformed communities centered in the Lordship of Jesus Christ.

CCT is a member of the Five Talents family.






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Lenders to this entrepreneur

Bill
Helendale, CA
United States

Dan Martell
Moncton, New Brunswick
Canada

Lisa
Skellytown, TX
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Jean & Gary
Tempe, AZ
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Dave@Sharon
Guernsey, Channel Islands
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Karen
Scottsdale, AZ
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Ian

Canada

Amanda
Enumclaw, WA
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Daniel
houston, TX
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Journal entries for Gorgonia Suarez


Loan has been disbursed
 
Entrepreneur: Gorgonia Suarez
Location: Silang, Cavite, Philippines

Thank you for your loan. It has been disbursed to Gorgonia Suarez by Center for Community Transformation Credit Cooperative (CCT) in Philippines. We are excited to watch this business grow. Over the 3 months of this loan, Center for Community Transformation Credit Cooperative (CCT) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Silang, Cavite, Philippines
Sep 26, 2009
Comment on this entry

loan utilization update
 
Entrepreneur: Gorgonia Suarez
Location: Silang, Cavite, Philippines

Dear Lenders,

Gorgonia used the entire loan granted to her in buying groceries for her store, like canned goods, noodles and other snack items and toiletries, they were worth more than half of the whole amount. The rest she invested in buying sacks of charcoal, which she is repackaging and selling. She was even able to pay for her child’s tuition. For this she is truly thankful for.

If you would like to support CCT, join our new lending team:

http://www.kiva.org/community/viewTeam?team_id=9184

For more information on CCT, please visit: http://www.kiva.org/about/aboutPartner?id=144


Posted by Sheila Grace Cayabyab from Silang, Cavite, Philippines
Oct 28, 2009
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Kiva Help Repayment Schedule for Gorgonia Suarez

  Expected Repayments Actual Repayments Comments
November 2009 $45.00 $45.00 Repayment Received
December 2009 $60.00 $60.00 Repayment Received
January 2010 $75.00 Available Jan 1  
February 2010 $45.00 Available Feb 1