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This is Alma, 54, a resident of Quezon City, Philippines. She is married to Peregrino, 53, who is self-employed. They have two children. The older child helps her in her business; the younger is in elementary school. Her business is a big help in sustaining the family.

Alma owns a variety store. She earns money by buying supplies at wholesale prices and selling by the piece. Her store is located adjacent to her house. Apart from her business, she also maintains a small apartment that is being rented for 2,500 PHP a month. Her regular customers are her neighbors and the local community. She earns a minimum of 500 Philippine Pesos (PHP) in sales every day.

To help her continue operating her business, she is requesting a PHP 50,000 loan. She will be utilizing the loan to buy more grocery items so she can have more stock. She also plans to make her store a little bit bigger. She believes that this will help her to gain income and profit as it will definitely attract more customers to buy in her store. It will help her to save more money for the expenses of her children in school.

Alma hopes that her business will turn into a grocery someday. She wants to become a successful businesswoman. She hopes that her children will be able to finish their studies and have a good life once they settle down. She is active in attending the weekly fellowship* as the sharing inspires her to be optimistic in her life.

* 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 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
  • 795
    View loans »
    Philippines Loans Fundraising
  • $63,345,600
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Alma to pay for grocery items and products needed in her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 18, 2011
Nov 19, 2011
Currency Exchange Loss:
May 15, 2012