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Genie
Genie T., aged 57, is a resident of Caloocan City, Philippines. She is married to Roel T. and mother to four hard-working young adults. By the grace of God, Genie has managed to support her children's schooling up to college level. At this time, she is working hard to continually provide income for their everyday expenses.

Genie operates a variety store. In the Philippines, a variety store is basically a small convenience store which retails groceries, toiletries and beverages piecemeal to the local neighborhood. It is the place to go for to buy one sachet of shampoo, PHP 5-worth of cooking oil or an egg. She earns by buying supplies at wholesale price and selling at the piece rate. Her store is located adjacent to her house. Her regular customers are her neighbors and the local community. She earns a minimum of PHP 300 in sales every day.

To help her continue operating her business, she is requesting a PHP 20,000 loan. She will be utilizing the loan to buy more products like groceries, toiletries and beverages to expand her product inventory. She expects a boost in her business income as she expands her business.

Genie dreams of being able to renovate her house soon, with all of her work with the business. 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

  • $7,000
    Average annual income
  • 1241
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Genie to buy products like groceries, toiletries and beverages to expand her product inventory.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2010
Listed
Oct 15, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011