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Irma
Irma is 55 and a resident of Caloocan City, Philippines. Her husband is an overseas contract worker. She manages their household while also running a direct-selling business. She sells clothing, footwear, undergarments, cosmetics and other products from popular brands like Avon, Fuller Life, Natasha, Boardwalk, Marikina Shoe Exchange and others. A customers order is bought in cash by the dealer and then given to the customer with a one-month-to-pay credit. Her prices are lower than those in the catalog, and this is how she earns a profit. Her regular customers are her neighbors and people in the local community. She earns a minimum of 2,000 Philippine Pesos (PHP) in sales every week.

To help her continue operating her business, she is requesting a PHP 19,000 loan. She will use the loan to buy merchandise and place orders for her customers. She expects a boost in her income as she expands her business, and hopes to continue growing her business in the coming years. She faithfully meets up with her co-fellowship members to share stories of her work every week and also draw strength and inspiration from her religion.

*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 who meet weekly to study the Word of God, build social capital, and pay microfinance 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
  • 234
    View loans »
    Philippines Loans Fundraising
  • $53,068,925
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Irma to pay for merchandise items and products needed in her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2012
Listed
Mar 26, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012