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Asuncion
Asuncion C., aged 50, has three children – one in college, one in high school, and one in elementary school. She works hard each day to cover her daily costs and help send her children to school. For the past ten years, Asuncion has run her own sari-sari store (general store) and barbeque, and has used her earnings to support her family.

Asuncion has requested a loan of 30,000 PHP to help restock her sari-sari store with groceries, soft drinks, and toiletries. She hopes that the additional inventory will attract new customers and help grow her business.

Asuncion has been a member of Kiva partner, Center for Community Transformation (CCT), since 2005 and has consistently attended weekly fellowship* meetings. She hopes that her business will continue to expand and that some day she will be able to afford her own vehicle and provide additional money for her children'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

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
  • 271
    View loans »
    Philippines Loans Fundraising
  • $53,061,525
    Funds lent in using Kiva
  • 44.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Asuncion to purchase inventory.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2010
Listed
Sep 10, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011