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Florencio
Florencio is a 38-year-old resident of Bacoor, Cavite, Philippines. He is married to Mirriam, a housewife, and is a father to their children. He and his wife manage the household while operating the business. At this time, he is working hard to provide income for their everyday expenses.

Florencio is selling fish. He works with a dealer where he gets fish at a lower price. He will then sell it to the public for a little income. He has been selling fish for seven years now. His regular customers are his neighbors and the local community. He earns a minimum of 300 Philippine Pesos (PHP) in sales every day.

To help him continue the operation of his business, he is requesting a 15,000 PHP loan. He will be utilizing the loan to buy more fish. He expects a boost in his business income as he expands his business. Florencio hopes to be able to expand his business and to have his own stall. He dreams of being a millionaire. He faithfully meets up with his co-fellowship* members to share stories of his work every week and where he can also draw strength and inspiration from the Word of God he 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, to build social capital, and to 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

  • $7,000
    Average annual income
  • 1244
    View loans »
    Philippines Loans Fundraising
  • $57,800,425
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Florencio to buy more fish to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2012
Listed
Jan 18, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013