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Mercedita
This is Mercedita, 42, a resident of Taguig City, Philippines. She is married to Alexander, an employee, and mother to her children. She, together with her husband and children, manage their household while operating the business. At this time, she is working hard to continually provide income for her everyday expenses.

Mercedita oversees operations of their motorcycle rental business. They have three motorcycles that they offer to be rented since public transportation is getting higher. They provide their services within the city. Aside from this, she also earns other income from selling biscuits. She earns a minimum of 1000 Philippine Pesos (PHP) in sales every day.

To help her continue operations of her business, she is requesting a Php 50,000 loan. She will be utilizing the loan to buy spare parts and pay for maintenance of her motorcycles. She expects a boost in her business income as she expands her business.

Mercedita hopes to add more motorcycles and dreams of being able to give her children a good and high quality education 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

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
  • 1401
    View loans »
    Philippines Loans Fundraising
  • $59,122,500
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Mercedita to pay for spare parts and maintenance of their motorcycles.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2012
Listed
Mar 23, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012