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Leonida
Leonida M., 57, is married to Yolemundo Mendes, a laborer/ collector, and they are blessed with five children. She makes sure that her family has enough provision for their daily needs and helps her husband earn so that their family can have a better life. Leonida is involved in direct selling of popular brand products.

Leonida has been a regular member of Kiva partner, Center for Community Transformation (CCT), for more than a year now. She regularly attends the weekly fellowship meeting* and pays her weekly dues consistently. As she has a good repayment record with her previous loans, she is able to borrow ten times more from CCT's Cooperative. She has been consistent in paying her dues because she used the money she borrowed to expand and improve her business.

Now, with your help, she would like to apply for a loan of 19,000 PHP. This amount will be used as a source of added capital for her expanding business, enabling her to make advance orders on her direct-selling lines. Leonida dreams that her business will continue to grow so that she can give her family a prosperous life.


* 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 microfinance loans.

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
  • 1515
    View loans »
    Philippines Loans Fundraising
  • $56,672,675
    Funds lent in using Kiva
  • 46.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Leonida to make advance orders on her direct-selling lines.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2010
Listed
Mar 3, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010