Check out some available loans that are similar to this one!
Norma
Norma is a resident of Tondo, Manila, Philippines. She is 42 years old. She is happily married to Silverio and God has blessed them with loving children. Life, indeed, is hard. But by the grace of God, they were able to raise their children well and they are helping each other in working for their family.

Norma owns a variety store. This is a small store that can be owned by anyone in the community and the store is just connected to or just inside their houses. This is where you can buy a sachet of shampoo or conditioner, a bar of soap, a PHP 5-worth of cooking oil, or an egg and other items. Norma gets her products from a wholesaler at a lower price then she will sell the products, per piece, for a higher price to create a profit. Her regular customers are her neighbors, passerbys, and the people in the community. She earns PHP 300 per day.

To be able to expand her inventory, Norma is requesting a PHP 10,000 loan. She will use the loan to buy groceries, toiletries, and beverages to expand her product inventory. This loan will be a great help to her in adding more products to her store.

Norma dreams that her business will continue to grow and she hopes that her children will finish their studies. Every week, she meets up with her co-fellowship* members to share stories of her life and business and to draw strength and inspiration from the fellowship and the Word of God she studies.

All Center for Community Transformation Credit Cooperative (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 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
  • 367
    View loans »
    Philippines Loans Fundraising
  • $52,706,975
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Norma to pay for grocery items, toiletries, and beverages needed in her business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2013
Listed
Apr 29, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013