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Salvacion
Salvacion M., a 61-year-old resident of Commonwealth, Quezon City, Philippines, is mother to a young adult currently studying in high school. Salvacion operates a variety store. In the Philippines, a variety store is basically a small convenience store that retails groceries, toiletries and beverages piecemeal to the local neighborhood. It is the place to go for to buy one sachet of shampoo, a Php5-worth of cooking oil, or an egg. Her store is located adjacent to her house, and her regular customers are her neighbors and the local community. She earns a minimum of Php350 in sales every day.



To help her continue operations of her business, she is requesting a Php13,000 loan which she will use to buy more quantities of products such as groceries, toiletries and beverages to expand her product inventory. She expects a boost in her business income as she expands her business.



Salvacion dreams that her family will be complete again soon, and that her child will be able to study all the way through college. She faithfully meets up with her co-fellowship members to share stories of her work every week.



* 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 who 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
  • 800
    View loans »
    Philippines Loans Fundraising
  • $53,378,125
    Funds lent in using Kiva
  • 45.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Salvacion to buy more groceries, toiletries and beverages to expand her product inventory.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2010
Listed
Sep 1, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 16, 2010