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Abraham
Abraham, 48, lives in Dasmarinas, Cavite, Philippines. His wife Judith is a housekeeper and mother to their children. They both work very hard to provide for their family. Abraham earns a living by running a variety store where he sells groceries, toiletries and beverages to people in his neighborhood. His store is next to to his house, and he earns a minimum of PHP 350 in sales every day. He is requesting a loan for PHP 18,000 to buy more items to sell to his customers. He expects the loan to boost his business income. Abraham faithfully meets up with his co-fellowship* members to share stories of his work every week and draw strength and inspiration from his religion.

*All CCT community partner /clients are organized into fellowship groups that meet on a weekly basis. A fellowship group is composed of 15 to 30 community partners who gather to study religion, build social capital and replay 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
  • 1446
    View loans »
    Philippines Loans Fundraising
  • $59,139,250
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Abraham to buy items to sell in his grocery store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2012
Listed
Dec 4, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013