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Soraida
Soraida B., 49, wants nothing more for her business except to acquire more customers. She is married to Fredie B., a vendor, and they are blessed with four children. She makes sure that she helps her husband earn so that their family can have a better life. Her business is selling homemade hamburgers and selling snacks.

Soraida has been a regular member of Center for Community Transformation (CCT) for two years now. She regularly attends their weekly fellowship meetings and pays her weekly dues consistently. Because of her good repayment performance with her previous loans, she was able to borrow nine times from CCT’s Cooperative. The reason why she was consistent in paying her dues was because she used almost all the money she borrowed as capital money for her burger stand. Her business now lets her earn a net profit of PHP 3,620 per month.

Now with your help, Soraida would like to apply for a PHP 8,000 loan. This amount will be used as a source of added capital to her expanding business by buying bread, and hamburger patties for her business. The profits that she will earn from her business will be saved so that she can use it for house repairs.

Soraida dreams that someday she can have a bigger burger stand and a restaurant.

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
  • 273
    View loans »
    Philippines Loans Fundraising
  • $52,788,275
    Funds lent in using Kiva
  • 46.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Soraida to buy bread and hamburger patties for her business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 1, 2009
Listed
Jan 1, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010