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Araceli
This is Araceli, 53, a resident of Taguig, Philippines. She is married to Frank, a driver, and is a mother to her children. Araceli operates a computer rental shop. She and her husband manage their own household while operating the business. At this time, she is working hard to continually provide income for their everyday expenses.

In the Philippines, very few people own their own computers. Thus, there is a need for them, especially for students who need to do their research and papers. She rents computers by the hour and offers printing and typing services. 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 the operations of her business, she is requesting a loan of PHP 25,000. She will be utilizing the loan to buy new computer units, spare parts, and accessories needed in her business. She expects a boost in her business income as she expands her business.

Araceli hopes that her business will continue to grow and dreams that her children will finish their studies. She meets with her co-fellowship* members to share stories of her life and business every week and were she also draws strength and inspiration from the word of God that 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 pay 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
  • 362
    View loans »
    Philippines Loans Fundraising
  • $52,140,475
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Araceli to pay for additional computer parts and supplies needed in her business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2013
Listed
Apr 14, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 20, 2013