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Myrna
This is Myrna, 40, a resident of Manila, Philippines. She is married to Ernesto and is a mother to her children. She, together with her children, manages their household while operating a business. At this time, she is working hard to continually provide an income for their everyday expenses.

Myrna operates a junk shop. Trash is not actively segregated in the Philippines, and while waiting for their local dump trucks, people scavenge garbage dumps and trash bags for recyclable materials like metal, copper, plastic, paper and other materials. They sell these to junk shops for a little profit. Junk shops then stack, clean and gather huge quantities of these materials and sell them back to foundries like factories and others. Aside from this, she also raises pigs in her compound. Her regular customers are her neighbors and the local community. She earns a minimum of 1,000 PHP in sales every day.

To help her continue operation of her business, she is requesting a 20,000 PHP loan. She will be incorporating the loan into her current revolving fund used to buy trash from collectors. She expects a boost in her business income as she expands her business.

Myrna hopes to grow her business and dreams to be able to give her children a good and high quality education 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 where she also draws 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 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
  • 630
    View loans »
    Philippines Loans Fundraising
  • $53,351,650
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Myrna to pay for recyclable materials needed in her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2012
Listed
Nov 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013