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Clemencia
This is Clemencia A., 57, a resident of Bacoor, Cavite City, Philippines. She is married to Rodolfo A., a tailor and her business partner. At this time, she is working hard to continually provide income for their everyday expenses.

Clemencia operates a variety store and a tailor shop where her husband is the senior tailor and overseer. 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, a Php5-worth of cooking oil, or an egg. She earns by getting supplies at wholesale prices and selling them by the piece. Her store is located adjacent to her house. Her regular customers are her neighbors and the local community. She earns a minimum of Php 200 in sales every day.

To help her continue the operation of her business, she is requesting a Php 10,000 loan. She will be utilizing the loan to buy more groceries, toiletries and beverages to expand her product inventory. She will also invest a portion of the loan to buy tailoring supplies like fabric, etc. She expects a boost in her business income as she expands her business.

Clemencia 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 repay 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
  • 356
    View loans »
    Philippines Loans Fundraising
  • $52,107,000
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Clemencia buy more groceries, toiletries and beverages and invest a portion of the loan to buy tailoring supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2010
Listed
Nov 15, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011