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Yolanda
This is Yolanda, 53, resident of Pasay City, Philippines. She is married to Carlos, a carpenter and is the mother of their children. She, together with her husband, manages their own household while operating the business. At this time, she is working hard to continually provide income for their everyday expenses.

Yolanda sells rice cake snacks in the local neighborhood. She buys glutinous rice in the market in the morning together with other raw products she needs like margarine, sugar and coconut. She prepares and cooks the snacks and sells them in the afternoon in her local neighborhood. She earns a minimum of Php 300 in sales every day.

To help her continue operations of her business, she is requesting a Php 15,000 loan. She will be utilizing the loan to buy raw products and ingredients she uses in her business. She expects a boost in her business income as she expands her business.

Yolanda hopes to grow her business and maintain her good health in the coming years. 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

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
  • 1507
    View loans »
    Philippines Loans Fundraising
  • $59,194,375
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Yolanda to pay for raw ingredients and products needed in her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2012
Listed
Mar 25, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012