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Loreta
This is Loreta U., a 57-year-old widow living with her five adult children in a poor community in Parola, Binondo, Manila. Loreta has been working with her old sewing machine for more than ten years now, making and marketing infant wear and infant accessories like comforters and fluffy pillows. She makes 45,000 Philippine pesos a month. She has already bought a motorcycle out of her profits.


Loreta is among the pioneer members of the Center for Community Transformation (CCT) Credit Cooperative. She joined in 1998. Loans provided by the cooperative were very helpful in maintaining her business. She is now applying for a loan of 30,000 Philippine pesos as fresh capital for her business. She will buy raw materials like fabric, cotton, thread and other accessories. She has been dreaming of her own house and lot.


About CCT
The Center for Community Transformation (CCT) is an organized Christian response to poverty and social injustice. It is carried out through the fusion of social development initiatives and an evangelical mission in a uniquely Filipino context. CCT 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
  • 1214
    View loans »
    Philippines Loans Fundraising
  • $54,909,650
    Funds lent in using Kiva
  • 47.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Loreta to purchase fabric, cotton, thread and other sewing needs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2009
Listed
Oct 27, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010