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Cherry Ly
This is Cherry, age 36, who is a resident of Caloocan in the Philippines. She is married to Von, a driver, and she is a mother to her child. She and her husband manage their household as they operate a business. She is working hard to provide an income to her family to pay for their everyday expenses.

Cherry has a franchise store called Buko Twister. She sells buko shakes (coconut smoothies), which are famous in the Philippines because of the tropical climate. She also has a direct selling business for additional income. Her customers are her neighbors and the local community. She earns PHP 600 daily.

To help her continue operating her business, she is requesting a PHP 10,000 loan. She will use the loan to buy ingredients and to pay for the maintenance of her equipment. She expects a boost in her business income as she expands her business.

Cherry hopes to give her child a high-quality education and dreams of having a good life through all her hard work on her business. She faithfully meets up with her co-fellowship* members to share stories of her work every week and 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 comprises 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

  • $1175
    Average annual income
  • 1552
    View loans »
    Philippines Loans Fundraising
  • $56,630,475
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Cherry Ly to buy ingredients and pay for the maintenance of her equipment for her business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 7, 2012
Listed
Nov 15, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013