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Remedios
Remedios C., 55, is making sure that her family has enough provisions for their daily needs. She is married to Renato C. and they are blessed with six children. She has been making and selling doormats and rugs for 30 years.

Remedios has been a regular member of Center for Community Transformation* (CCT) for more than four 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 11 times in CCT’s Cooperative. She is consistent in paying her dues because she uses the money she borrows as added capital for her business.

Now with your help, she would like to apply for loan of PHP 47,000. This amount will be used as a source of added capital for her expanding business by buying raw materials needed for her rug making business and added stock for her store.

She dreams that her business will grow so that they can have their own house someday.


* All CCT community partners / clients are organized into fellowship groups that meet on a weekly basis. A fellowship group is composed of 15 to 30 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
  • 1492
    View loans »
    Philippines Loans Fundraising
  • $59,226,550
    Funds lent in using Kiva
  • 46.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Remedios to buy raw materials for rugs and stocks for her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2010
Listed
Feb 10, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 16, 2010