Check out some available loans that are similar to this one!
Criselda
Criselda, 40, is a resident of Pasay, Philippines. Single, she manages her household while operating her business. At this time, she is working hard to continually provide income for her daily expenses.

Criselda operates a variety store. In the Philippines, a variety store is basically a small convenience store, which retails groceries, toiletries and beverages to the local neighborhood. It is the place to go to buy one sachet of shampoo, 5 PHP worth of cooking oil or an egg. Criselda earns by getting supplies at wholesale prices and selling by the unit. Her store is adjacent to her house and her regular customers are her neighbors and the local community. She earns a minimum of 300 PHP in sales every day.

To help her continue to operate her business, she is requesting a loan of 30,000 PHP. She will use the loan to buy groceries, toiletries and beverages to expand her product inventory. She expects a boost in her business income as she expands her business.

Criselda hopes to be able to expand her store to other communities. She faithfully meets up with her co-fellowship* members to share stories of her work every week and to draw strength and inspiration from the Word of God she studies.

* 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

  • $7,000
    Average annual income
  • 1332
    View loans »
    Philippines Loans Fundraising
  • $57,861,200
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Criselda to pay for grocery items and other products needed in her store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2011
Listed
Jul 21, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012