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Teresita
This is Teresita, 54, a resident of Caloocan City, Philippines. Her husband is Fernando, a technician, and she is a mother to her two children. She, together with her husband and children, manages their own household while operating the business.

Teresita operates a school supplies business. It is where one can buy school supplies, like pens, bond paper, "cartolina" and the like, without going to a bookstore. She gets the supplies at wholesale prices and sells them by the piece. She also operates a Xerox machine for copying services. Her store is located adjacent to her house. Her regular customers are students and the local community. She earns a minimum of 400 Philippine Pesos (PHP) in sales every day.

To help her continue operations of her business, she is requesting a Php 25,000 loan. She will be utilizing the loan to buy school supplies to expand her product inventory and for the maintenance of her Xerox machine. She expects a boost in her business income as she expands her business.

Teresita hopes her business will grow in the coming years and dreams of being able to give her family a good future through all her hard work on her business. She faithfully meets up with her co-fellowship* members to share stories of her work every week and also 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
  • 1262
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Teresita to pay for stock of school supplies and maintenance of her Xerox machine.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2011
Listed
Dec 8, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012