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Irene
This is Irene, 63, a resident of Taguig City, Philippines. She is a mother to her children. Irene, together with her children, manages their household while operating the business. At this time, she is working hard to continually provide income for their everyday expenses.

Irene operates a room rental business. It is rented in a monthly basis. She also has a junk shop as a source of income. She earns a minimum of 10,000 Philippine Pesos (PHP) in sales every month.

To help her continue the operations of her business, Irene is requesting a PHP 23,000 loan. She will be utilizing the loan for the repair and maintenance of her room for rent. She expects a boost in her business income as she improves her business.

Irene hopes to be able to have her renovation soon. She faithfully meets up with her co-fellowship* members to share stories of her work every week and where she can also 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 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
  • 1233
    View loans »
    Philippines Loans Fundraising
  • $57,817,975
    Funds lent in using Kiva
  • 41.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Irene pay for the maintenance of her rental apartment.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2012
Listed
Sep 28, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013