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Clarissa
Clarissa is 40 years old and single. She is a resident of Caloocan, Philippines. Clarissa operates a rug-making business. She mainly offers rugs from round palm-sized ones to the much larger doormats. As rugs are a major part of Filipino housekeeping and cleaning, rugs are one of the most common products that can be bought. Her regular customers are her neighbors and the local community. She earns a minimum of 500 PHP a day.

Clarissa is requesting a loan for 20,000 PHP, which she will use to buy more quantities of raw materials such as fabric, thread, and other materials for her business. She expects a boost in her business income as she expands her business.

Clarisssa hopes that her business will grow and will continue to generate income. She faithfully meets up with her co-fellowship * members to share stories of her life and business every week and where she can also draw strength and inspiration from the fellowship and 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 God, build social capital, and pay 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
  • 304
    View loans »
    Philippines Loans Fundraising
  • $52,723,450
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Clarissa to purchase fabric, cloth, thread, and other materials needed in her business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2012
Listed
Jan 18, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013