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Geraldine
Geraldine is 32 years old and lives in Manila, the Philippines. She is married to Enrique, a vendor, and the mother of two children. She earns a living by operating a variety store where she sells convenience items such as groceries, toiletries and beverages to people who live in her neighborhood. She buys her supplies wholesale and sells retail. She also sell cooked foods as a way to earn additional income. Her store is next to her house. She earns a minimum of 500 Philippine Pesos (PHP) in sales every day.

To help her continue operating her business, she is requesting a PHP 50,000 loan to buy more groceries, toiletries and beverages to sell. She expects a boost in her income as she expands her business. Geraldine faithfully meets up with her co-fellowship* members to share stories of her work every week and 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 gather each week to study religion, 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
  • 1057
    View loans »
    Philippines Loans Fundraising
  • $57,699,900
    Funds lent in using Kiva
  • 42.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Geraldine to buy more groceries to sell to her customers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2012
Listed
Apr 21, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012