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Renato
This is Renato, 51, a resident of Bacoor, Cavite, Philippines. Single, he manages his household while operating the business. At this time, he is working hard to continually provide income for his everyday expenses and help his parents financially.

Renato operates a salon business. He offers hair styling, hair grooming and services of the like. He also offers hair straightening. His regular customers are his neighbors and the local community. His salon is located adjacent to his house. His regular customers are his neighbors and the local community. He earns a minimum of 500 Philippine Pesos (PHP) in sales every day.

To help him continue operations of his business, he is requesting a Php 10,000 loan. He will be utilizing the loan to buy supplies for his salon, like shampoo, hair treatment creams and oils, and other things needed for his business. He expects a boost in his income as he expands his business.

Renato dreams to have his own place for his salon so he will no longer rent. He hopes to help his siblings. He meets up with his co-fellowship* members to share stories of his life and business 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, build social capital, and repay Micro Finance 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
  • 240
    View loans »
    Philippines Loans Fundraising
  • $53,045,000
    Funds lent in using Kiva
  • 40.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Renato to pay for beauty products and hair products needed in his salon.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2013
Listed
Mar 4, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013