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Lolita
This is Lolita, 48, a resident of Silang, Cavite, Philippines. She is already a widow and a mother to her child. She manages their own household while operating the business. At this time, she is working hard to continually provide income for their everyday expenses.

Lolita operates a bakery. Breads and spreads are staples in the usual Filipino cuisine, and are used mostly for breakfast and snacks. The most popular type of bread is the Pandesal, a Filipino version of the Spanish Pan de Sal or salted bread. It is baked during the wee hours of the morning and sold steaming hot to early commuters, students and workers. Her store is located adjacent to her house. Her regular customers are her neighbors and the local community. She earns a minimum of 500 Philippine pesos (PHP) in sales every day.

To help her continue operations of her business, she is requesting a Php 20,000 loan. She will be utilizing the loan to buy raw supplies like flour, sugar, and butter, which she needs to continue production and expand her product inventory. She expects a boost in her business income as she expands her business.

Lolita hopes to have another branch and dreams of having another vehicle. 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 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 Micro Finance 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
  • 1394
    View loans »
    Philippines Loans Fundraising
  • $59,123,575
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Lolita to pay for ingredients to bake bread and for the maintenance of her oven.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2013
Listed
Feb 14, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013