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Joan
Joan M., 29, is making sure that her family has enough to cover their daily needs. Married to Joseph M. who works at a printing press, she is blessed with two children. She makes sure that she helps her husband earn their living so that their family can have a better life. She has managed her own variety store for several years.

Joan has been a regular member of Center for Community Transformation* (CCT) for more than 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 eight times through CCT’s Cooperative. She is consistent in paying her dues because she uses the money she borrows in buying added stock for her business. Her business lets her earn a profit of PHP 8,000 per month.

Now with your help, she would like to apply for a PHP 18,000 loan. This amount will be used as a source of added working capital for her expanding business by buying more stock for her store.

She dreams that her business will continue to grow so that she can finance her children’s schooling until they graduate from college.


* 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

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
  • 388
    View loans »
    Philippines Loans Fundraising
  • $50,847,100
    Funds lent in using Kiva
  • 46.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Joan buying more assorted products for her store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2010
Listed
Mar 3, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 16, 2010