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Mary Jean
Mary Jean F., 33, is making sure that her family has enough provision for its daily needs. Married to Fernando F., an office employee, they are blessed with a child in their marriage. Mary Jean makes sure that she helps her husband earn so that their family can have a better life. She has been managing her own rug-making business for the past few years.

Mary Jean has been a regular member of Kiva parnter, Center for Community Transformation (CCT), for more than a year. She regularly attends its weekly fellowship meetings* and pays her weekly dues consistently. Because of her good repayment performance for her previous loans, she has been able to borrow quite a few times from CCT’s cooperative. She is consistent in paying her dues because she used the money she borrowed to expand and improve her rug-making business.

To ensure the success of her business, she would like to apply for a loan of 11,000 PHP. This amount will be used as a source of added capital for her expanding business by buying raw materials and supplies needed to continue rug production. Mary Jean dreams that her business will continue to grow so that she can provide for her child’s education.


* 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

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
  • 1443
    View loans »
    Philippines Loans Fundraising
  • $59,259,575
    Funds lent in using Kiva
  • 46.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Mary Jean to buy raw materials and supplies needed to continue production of her rugs.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2010
Listed
Jun 15, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010