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Alma
This is Alma, 48, a resident of Silang, Cavite, Philippines. She is the mother of three children, two of whom are already working, while the third is in high school. By the grace of God, Alma has managed to support her children's schooling. At this time, she is working hard to be able to send all of them all the way through college. Most Filipino parents, like Alma, as she herself has been a college undergraduate, believe that a college diploma is the best inheritance parents could leave to their children.

Alma maintains a direct-selling business. She sells clothing, footwear, undergarments, cosmetics, and other products through popular direct-selling brands like Avon, Fullerlife, Natasha, Boardwalk, Marikina Shoe Exchange, and others. A customer's order is bought in cash by the dealer and then given to the customer with a one-month-to-pay credit. Dealers' prices are lower than those in the catalogue, and these are the profits that dealers are relying on as their income. Her regular customers are her neighbors and the local community. She also has a farm. She earns a minimum of 400 Philippine pesos (PHP) in sales every day.

To help her continue operation of her business, she is requesting a 20,000-PHP loan. She will be utilizing the loan to buy orders for her customers. She expects a boost in her income as she expands her business.

Alma dreams of being able to give all her children a good and high quality education through all her hard work on her business. She faithfully meets up with her fellowship co-members to share stories of her work every week.

* 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 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
  • 617
    View loans »
    Philippines Loans Fundraising
  • $53,351,450
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Alma to pay for farming materials and other products needed in her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2012
Listed
May 24, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012