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Lydia
This is Lydia, 49, resident of Pasay City, Philippines. She is a widow and a mother. Most of her children have their own families, except for one who still lives with her. She manages her own household while operating the business. At this time, she is working hard to continually provide income for their everyday expenses.

Lydia operates a variety store. In the Philippines, a variety store is a small convenience store, which sells groceries, toiletries, and beverages to the local neighborhood. It is the place to go to buy one sachet of shampoo, PHP 5 worth of cooking oil, or an egg. She earns money by getting supplies at wholesale prices and selling by the piece. She also operates a small computer shop for additional income. Her store is located adjacent to her house. Her regular customers are her neighbors and the local community. She earns a minimum of PHP 550 in sales every day.

To help her to continue the operation of her business, she is requesting a loan of PHP 20,000. She will be using the loan to buy groceries, toiletries, and beverages to increase her product inventory. She expects a boost in revenue as her business grows.

Lydia hopes to be able to expand soon and dreams of being able to give her family a good future through all of her hard work. She faithfully meets up with her co-fellowship members* to share stories of her work every week and to draw strength and inspiration from the word of God, which 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 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
  • 875
    View loans »
    Philippines Loans Fundraising
  • $54,390,175
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Lydia to pay for grocery items and products needed in her business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2012
Listed
Jun 8, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012