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This is Renato, 40, a resident of Caloocan City, Philippines. He is married to Rosa, a housewife, and is the father of four children. Three of them are studying, while the youngest is still a baby. At this time, he is working hard to send his children to school. Renato himself has been a college undergraduate, and believes that a college diploma is the best inheritance parents cam leave to their children.

Renato operates a newspaper stand. In his business, he not only sells newspapers but candies as well, and has pocketbooks(paperback novels) for rent. He buys newspapers from the suppliers and sells them on the sidewalk. To make the newspaper stand a little different from the others, he buys pocketbooks to have them rented or traded. His regular customers are his neighbors and the local community. He earns a minimum of Php267 in sales every day.

To help him continue the operation of his business, he is requesting a Php 20,000 loan. He will be utilizing the loan to pay for newspaper delivery, new pocketbooks and other products that he can sell in his cart. He expects a boost in his business income as he expands his business.

Renato dreams of being able to give all his children a good, high quality education through all his hard work on his business. He faithfully meets up with his co-fellowship members to share stories of his 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

  • $1175
    Average annual income
  • 298
    View loans »
    Philippines Loans Fundraising
  • $52,105,400
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Renato to pay for new stock of products he sells in his business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 13, 2011
Jun 25, 2011
Currency Exchange Loss:
Jan 15, 2012