Check out some available loans that are similar to this one!
Socorro
This is Socorro L.. She is 40 years old and is a resident of Pasay City, Philippines. She is married to Abraham L. and is the mother of a college-aged child and four other children. At this time, she is working hard to be able to continue supporting her children all the way through college. This is a dream for most Filipino parents like Socorro, as she herself has been a college undergraduate and believes that a college diploma is the best inheritance parents can leave to their children.

Socorro operates a ready-to-wear clothing business. She mainly offers new clothing designs like casual wear and tropical wear. Seasonal demands for clothing like uniforms and such are available all year round. Her regular customers are her neighbors and people in the local community. She earns a minimum of Php 200 in sales every day.

To help her continue the operations of her business, Socorro is requesting a Php 12,000 loan. She will be utilizing the loan to buy more varieties of clothes designs to sell. She expects a boost in her business income as she expands her business.

Socorro dreams to be able to give all her children a good and high quality education through all her hard work on her business. She also hopes that her business will continue to grow and be successful. 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 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

  • $7,000
    Average annual income
  • 1254
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Socorro to buy more varieties clothes designs to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2011
Listed
Feb 15, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011