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Malolet
Malolet M. is a 32-year-old general store owner who lives in Baseco Compound, Port Area, Manila. Rizalino, her husband, is a carpenter. Their only child is in grade school.

Malolet owns and manages a general store, which has been in existence for eight years now. She also sells fresh meat at her store. Additionally, she provides water services to a few neighbors. Combined, she makes 50,000 PHP a month. Malolet says perennial rains and flooding hinder the growth of her store but thanks to her perseverance, she will get through it.

In 2004, she joined the Center for Community Transformation (CCT) Credit Cooperative. She has seen a lot of economic, as well as spiritual, developments in her life since joining the cooperative. She has learned from the cooperative the importance of saving for the future. She is now applying for a new loan in the amount of 26,000 PHP as additional capital for the growth of her store. She will re-stock her grocery inventory. She hopes to see her store grow even bigger.


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
  • 359
    View loans »
    Philippines Loans Fundraising
  • $52,115,200
    Funds lent in using Kiva
  • 46.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Malolet restock grocery items at her general store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2009
Listed
Oct 22, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010