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Yolanda
Yolanda M.’s love for cooking made her an entrepreneur of more than twenty years. She makes a living for her family because of her culinary talent. She is now 46 years old and lives with her husband Eduard and their four children in Parola, Binondo, Manila.

She has a small eatery which caters to employees, students and drivers. Customer traffic is so high especially during lunch time so she hired a canteen assistant. Yolanda earns P100,000 a month from her food business. She is saving much of her profits to build up funds for her new business venture – an apartment, the construction of which is now underway.

Yolanda was among the first members of the Center for Community Transformation (CCT) Credit Cooperative in her community. She joined the cooperative in 2000. She used her previous loans from the cooperative to sustain her business. Now on her ninth loan cycle, she needs a loan of P25, 000 as additional capital for her eatery. She will use the funds to purchase raw ingredients for her eatery (fresh pork, chicken, assorted vegetables, fish and rice). Yolanda dreams of having a cozy restaurant soon.



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

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

  • $7,000
    Average annual income
  • 1499
    View loans »
    Philippines Loans Fundraising
  • $59,196,250
    Funds lent in using Kiva
  • 46.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Yolanda purchase of raw ingredients for her food business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 10, 2009
Listed
Dec 1, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010