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Jocelyn
Jocelyn F., 47, is making sure that her family has adequate provision for their daily needs. Married to Ireneo Coliseo, a businessman, she is blessed with four children. She makes sure that she helps her husband earn so that their family can have a better life. She has been managing her own hairdressing salon for four years.

Jocelyn has been a regular member of Center for Community Transformation* (CCT) for more than a year now. She regularly attends the weekly fellowship meetings and pays her weekly dues consistently.

Because of her good repayment performance with her previous loans, Jocelyn was able to borrow eight times from CCT’s cooperative. She is consistent in paying her dues because she used the money she borrowed to expand and improve her salon business.

Now, with your help, Jocelyn would like to apply for a PHP 50,000 loan. This amount will be used as a source of added capital for her expanding business and used to buy equipment and to expand her salon business.

Jocelyn dreams that her business will continue to grow so that she can have enough money for her sons’ college education.


* All CCT community partners / clients are organized into fellowship groups that meet on a weekly basis. A fellowship group is composed of fifteen to thirty community partners. The fellowship groups gather each week to study the Word of God, build social capital, and pay micro-finance loans.

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
  • 1561
    View loans »
    Philippines Loans Fundraising
  • $59,060,350
    Funds lent in using Kiva
  • 46.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Jocelyn to buy equipment for and to expand her salon.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2010
Listed
Feb 1, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 16, 2010