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Verginia
This is Verginia, 36, a resident of Payatas, Philippines. She is married to Leonardo, a carpenter, and is an active mother to her children. She together with her husband manages their household while operating the business. At this time, she is working hard to continually provide income for their everyday expenses.

Verginia operates a variety store. In the Philippines, a variety store is basically a small convenience store, which retails groceries, toiletries and beverages by small units to the local neighborhood. It is the place to go to buy one sachet of shampoo, five PHP worth of cooking oil, or an egg. She earns profit by getting supplies at wholesale prices and selling by the piece. Her regular customers are her neighbors and the local community. She earns a minimum of PHP 500 in sales every day.

To help her continue operations of her business, she is requesting a PHP 25,000 loan. She will be utilizing the loan to buy groceries, toiletries and beverages to expand her product inventory. She expects a boost in her business income as she expands her business.

Verginia dreams to give her family a good life. She hopes to give her children high quality education through all her hard work on her business. She faithfully meets up with her co-fellowship* members every week to share stories of her work. Here she can also draw strength and inspiration from the study of the Word of God.

*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

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
  • 1402
    View loans »
    Philippines Loans Fundraising
  • $59,122,500
    Funds lent in using Kiva
  • 41.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Verginia to pay for grocery items and products needed in her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Oct 16, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013