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Jocelyn
Jocelyn R., 53, is making sure that her family has enough provisions for their daily needs. Jocelyn, a widow with two children, has always been challenged to provide daily needs for her family. She makes sure that she earns well so that her family can have a better life. She has been managing her own general store for years and is now planning to expand to a new variety store.

Jocelyn has been a regular member of Center for Community Transformation* (CCT) for more than a year 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 has been able to borrow quite a few times in CCT’s Cooperative. She is consistent in paying her dues because she uses the money she borrows to expand and improve her business.

To ensure the success of her business, she would like to apply for a PHP50,000 loan. This amount will be used as a source of added capital to her expanding business by buying more quantities of groceries, beverages and other items for the opening of her new variety store.

She dreams that her business will continue to grow so that she can provide an education for her children. She also dreams to be able to buy their own house and lot.

* 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
  • 1121
    View loans »
    Philippines Loans Fundraising
  • $54,595,750
    Funds lent in using Kiva
  • 46.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Jocelyn buying additional items for her existing general store and to buy bulk groceries and softdrinks for a new expansion.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2010
Listed
Jun 6, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 16, 2010