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Veronica
This is Veronica, 52, and a resident of Tondo, Philippines. She is a mother to her children. She, together with her children, manages their household while operating her business. She works hard to provide income for their everyday expenses.

Veronica operates a variety store. In the Philippines, a variety store is basically a small convenience store, which retails groceries, toiletries and beverages to the local neighborhood. It is the place to go to buy shampoo, cooking oil, or an egg. She earns money by getting her supplies at wholesale prices and reselling by the piece. Her regular customers are her neighbors and the local community. She earns a minimum of Php500 in sales every day.

To help her continue to operate her business, she is requesting a Php32,000 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.

Veronica dreams of having a good life through all her hard work. She faithfully meets up with her co-fellowship* members to share stories of her work every week and she also draws strength and inspiration from 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 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
  • 347
    View loans »
    Philippines Loans Fundraising
  • $52,140,900
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Veronica to buy grocery items and products needed in her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2012
Listed
Nov 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013