Check out some available loans that are similar to this one!
Asuncion
Experiencing the struggles coming from a separation is not easy, and Asuncion C., age 51, can testify to that. Still, Asuncion manages to stay on her feet and make the best of what she has now. She finished college and is now running her own micro enterprise. Asuncion has two children who are both in college. They reside in Pasay City, Metro Manila.

A small sari-sari (variety) store is what Asuncion focuses on as the primary source of income for the family. She observes which products are mostly in demand, which brands are preferred, and which needs of the community have yet to be met. The store is located at their home and she runs it on her own. With this small business Asuncion is able to earn Php 12,000 per month.

To help her grow her business, she would like to request a Php 32,000 loan. She intends to use this money to purchase more quantities of quality products to add to her stock in the sari-sari store. The loan will be very helpful in sustaining the store and it allows Asuncion to provide for the needs of her children, including providing their daily allowances.

Asuncion has faced a lot of problems lately. She has no hired person to look after her store. That is why when she has an important task to do outside home, she is forced to close the store. She also carries the burden of providing for the needs of her family, now that her husband isn’t around to depend on. Nevertheless, Asuncion stands strong, knowing that the best is yet to come for her family. She makes the best of running her business in order to be able to finance the studies of her children up until college. She desires eventually to acquire another space for her business.

As a CCT* community partner, she faithfully attends the group's weekly fellowship meeting where she can also draw strength and inspiration from the Word of God she receives.

*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

  • $1175
    Average annual income
  • 389
    View loans »
    Philippines Loans Fundraising
  • $50,847,100
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Asuncion to purchase larger quantities of quality products to offer for sale in her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2011
Listed
Feb 26, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011