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Joy V. is 37 years old, married to a businessman and has one child who is in high school. She lives with her family in Caloocan City, Metro Manila, where she makes a living by selling rice and running a sari-sari or variety store. Joy is also a community partner in CCT*, where the weekly Bible fellowships and entrepreneurial trainings help compensate for her lack of a formal education. She has been running her business for two years, has one employee and earns about PHP 11,200 a month.

Joy is applying for a loan for PHP 14,000 to buy a commercial space in a densely-populated part of Manila. This will give her a greater opportunity to earn money. In the future, she would like to expand by opening a second location. 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. The meetings also help her build social capital and pay microfinance loans.

Additional 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
  • 1449
    View loans »
    Philippines Loans Fundraising
  • $59,117,025
    Funds lent in using Kiva
  • 43.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Joy to buy a new commercial space.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Apr 26, 2011
May 13, 2011
Currency Exchange Loss:
Sep 15, 2011