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Panchita
This is Panchita, 60, a resident of Payatas, Philippines. She is married to Edgardo, a driver, and is a mother to her child. She, together with her husband, manages their household while operating the business. At this time, she is working hard to continually provide income for her everyday expenses.

Panchita operates a phone accessories retail business. What she basically does is buy accessory items from a wholesaler and sell them per piece/pack for a profit. Products can range from cell phone accessories like headphones, cell phone holders, and other products of the like. Customers are attracted to buy due to the low selling prices and the many options she offers. She also has a loading (pre-paid credits) station. Her regular customers are her neighbors and the local community. She earns a minimum of 500 Philippine pesos (PHP) in sales every day.

To help her continue operations of her business, she is requesting a Php 30,000 loan. She will be utilizing the loan to buy more quantities and varieties of accessory products to expand her product inventory. She expects a boost in her business income as she expands her business.

Panchita hopes to expand her business soon and to give her family a good future. She faithfully meets up with her co-fellowship* 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
  • 235
    View loans »
    Philippines Loans Fundraising
  • $53,065,125
    Funds lent in using Kiva
  • 42.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Panchita to pay for more stocks of phone accessories needed in her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2012
Listed
Sep 3, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013