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Lorence
This is Lorence L., 47, a resident of Caloocan City, Philippines. She is married to Ireneo L., an auto electrician, and is the mother of an elementary-aged child. By the grace of God, Lorence has managed to support her child's schooling. At this time, she is working hard to be able to send her child all the way through college. This is the dream of most Filipino parents like Lorence, who herself has been a college undergraduate and believes that a college diploma is the best inheritance parents could leave to their children.

Lorence operates a meat shop where she also sells native milkfish delicacies such as boneless ones, meat-filled ones, and other products of the like. For her meat shop, she buys live pigs from hog-raisers. The pigs are then slaughtered and sold to the immediate community. She has many customers who buy the cut meat and then sell it on their respective market stalls. There are many customers who prefer Lorence’s products since they are assured of their freshness and cleanliness. It is also a little cheaper to buy meat from an independent meat shop than the ones in the market that sometimes use the services of professional slaughterhouses for their meat. The cost of slaughter is added to the final price of the cut meat, and passed along to the customers. Thus, Lorence has many customers who regularly anticipate her meat and processed milkfish. Her regular customers are her neighbors and local community members. She earns a minimum of 600 PHP in sales every day.

To help her continue to operate her business, Lorence is requesting a loan of 22,000 PHP. She will use the loan to buy live pigs to be slaughtered and sold every day. She expects a boost in her business income as she expands her business. Lorence dreams of being able to give her child a good, high quality education through all her hard work in her business. She also hopes to have her own market stall someday. 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. 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
  • 228
    View loans »
    Philippines Loans Fundraising
  • $52,032,975
    Funds lent in using Kiva
  • 44.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Lorence to buy live pigs, milkfish in bulk and ingredients for processing.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 2, 2010
Listed
Sep 10, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011