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Rosario
This is Rosario, 63, a resident of Silang, Cavite, Philippines. She is a widow and a mother. She manages her household while operating her business. At this time, she is working hard to provide income for her family's everyday expenses.

Rosario operates a buy and sell business. What she basically does is buy general merchandise from wholesalers and resell it with a little profit. Her products are men and women’s clothes and other similar products. Customers are attracted to buying due to the low prices and the many options she offers. Her regular customers are her neighbors and the local community. She earns a minimum of 300 Philippine Pesos (PHP) in sales every day.

To help her continue operation of her business, she is requesting a PHP 15,000 loan. She will use the loan to buy ready-to-wear products to expand her product inventory. She expects a boost in her income as she expands her business.

Rosario dreams of being able to expand her business and hopes to have good health. She faithfully meets up with her co-fellowship* members every week to share stories of her work and to draw strength and inspiration from the Word of God, which 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

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
  • 1421
    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 $375 helped Rosario to pay for additional stock of merchandise such as shirts, blankets, bed sheets, and other products needed in her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2012
Listed
Dec 7, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013