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Loreta
This is Loreta, 60, a resident of Manila, Philippines. She is a widow with five children. She, together with her children, manages their household while operating the business. At this time, she is working hard to continually provide income for her everyday expenses.

Loreta operates a tailoring business. She mainly offers curtains, bed sheets, blankets, and other home trappings. Seasonal demands for clothing like uniforms and such are available all year round. She also does repairs and alterations. Aside from this, she sells dried fish for additional income. Her regular customers are her neighbors and the local community. She earns a minimum of PHP 1,000 in sales every day.

To help her continue operations of her business, she is requesting a PHP 50,000 loan. She will be using the loan to buy more quantities of raw materials like fabric, thread and other items needed in her business. She expects a boost in her business income as she expands her business.

Loreta hopes her business grows and dreams of being able to give her family a good future through all her hard work in her business. She faithfully meets up with her co-fellowship* members to share stories of her work every week and 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 pay 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
  • 1504
    View loans »
    Philippines Loans Fundraising
  • $59,194,375
    Funds lent in using Kiva
  • 42.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Loreta to pay for raw materials needed in her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2012
Listed
Apr 23, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012