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Marilou
Marilou R. is 51 years old and she owns a store where she sells mobile phones accessories. She lives and does business in Parola Compound, Binondo, Manila – a shanty town at the edge of the city coastlines. Her husband Menardo, age 48, repairs shoes and umbrellas for a living. Their two children are both in school. The eldest child is currently enrolled in college and the other child is in high school.

Marilou has been operating different businesses for more than two decades, but she opened her mobile phone store just four years age. She earns a net income of P16,000.00 a month. Much of her profits go to her children's education, while others are budgeted for their daily basic needs.

She is now studying the possibility of getting into new business ventures. She hopes that the Center for Community Transformation (CCT) Credit Cooperative will help her with her study.

Marilou has applied for a new loan of P22,000, which she will use as additional capital for her mobile phones accessories business.



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.

Additional Information

More information about this loan

On Friday November 8, 2013, Super Typhoon Haiyan made its way through Southeast Asia, causing substantial damage to homes and businesses in areas of the Philippines. Given the state of devastation following this storm, borrowers living and working in these areas may have difficulty making repayments on their loans, thus making their Kiva loans higher risk. More 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.

About Philippines

  • $1175
    Average annual income
  • 306
    View loans »
    Philippines Loans Fundraising
  • $52,723,450
    Funds lent in using Kiva
  • 47.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Marilou additional capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 2, 2009
Listed
Sep 29, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010