Maria Bien

Status: Paying Back

$675
Loan Request
Pre-Disbursed : Oct 12, 2009
Listed: Nov 5, 2009
Funded: Nov 6, 2009
45% repaid

About the Country

Country:Philippines
Avg Annual Income:$1175
Currency:Philippines Pesos (PHP)
Exchange Rate:47.6651 PHP = 1 USD


About the Loan

Location: Pasay City, Philippines   Repayment Term: 7 months
(more info)
Activity: Personal Housing Expenses   Repayment Schedule: Monthly
Loan Use: To renovate her rooms to rent   Currency Exchange Loss: Covered
      Default Protection: Covered
This is Maria Bien, 60, from Mulawin, Pasay City - a populous community. She lives with her husband, Jesus, and their six children.

Maria has been in business for ten years. She rents out their house’s eight rooms to transients and boarders. She also has a pedicab (rickshaw) and she also sells mineral water and LPG (liquefied petroleum gas). Combined, she earns more than P20,000 a month. She is saving most of her profits in preparation for her husband’s heart surgery.

Maria joined the Center for Community Transformation (CCT) Credit Cooperative in 2005. She is in need of a new loan of P32,000 for the renovation of her rooms for rent.


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.




About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more

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Kay
Columbia, MD KivaFriends.org
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The Dunn Family

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Lu Ann
Aurora,
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Steve and Myra
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Ash
Auckland,
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Anonymous
New York, NY
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Fiona
Los Angeles, CA
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Summer
San Francico, CA
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Ranveig
Trondheim,
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Arni
Reykjavik,
Iceland

Helsinki
Helsinki, Uusimaa
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Anonymous
Greenwich, London
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Gareth
Cushendun, Antrim
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Anonymous
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Marc
Luzern,
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Katie
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Michel
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Ursula and Kenneth
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Porter
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Journal entries for Maria Bien


Loan has been disbursed
 
Entrepreneur: Maria Bien
Location: Pasay City, Philippines

Thank you for your loan. It has been disbursed to Maria Bien by Center for Community Transformation Credit Cooperative (CCT) in Philippines. We are excited to watch this business grow. Over the 5 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 Pasay City, Philippines
Nov 7, 2009
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Kiva Help Repayment Schedule for Maria Bien

  Expected Repayments Actual Repayments Comments
January 2010 $196.87 $196.87 Repayment Received
February 2010 $112.50 $112.50 Repayment Received
March 2010 $112.50 Available Mar 1  
April 2010 $112.50 Available Apr 1  
May 2010 $140.63 Available May 1