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Irenea
This is Irenea, 52, resident of Biga, Silang Cavite, Philippines. She is married to Ignacio, a farmer, and a mother to their children, together with her husband they manage their own household while operating the business. At this time, she is working hard to continually provide income for their everyday expenses.

Irenea operates a market stall. She sells vegetables, raw products and condiment items in the community market. She buys quantities of vegetable products and other common items used in cooking and sell them by the kilo or per piece. Her regular customers are her neighbors and the local community. She earns a minimum of PHP 800 in sales every day.

To help her continue operating her business, she is requesting a PHP 22,000 loan. She will be utilizing the loan to buy more vegetable products and condiments to expand her product inventory. She expects a boost in her business income as she expands her business.

Irenea hopes to be able to expand soon. She faithfully meets up with her co-fellowship* members to share stories of her work every week and where she can 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

  • $1175
    Average annual income
  • 970
    View loans »
    Philippines Loans Fundraising
  • $54,483,000
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Irenea to pay for vegetables and cooking products needed in her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2012
Listed
Jan 26, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012