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Ruth
This is Ruth, who is 48 years old and a resident of Intramuros, Manila, Philippines. She is married to Jessie, a welder and they have children. She and her husband manage their household while operating the business. She is working hard to continually provide income for their everyday expenses.

Ruth operates a variety store. In the Philippines, a variety store is a retail store that sells inexpensive items, often with a single price for all items in the store. It is the place to go to buy one sachet of shampoo, a PHP 5-worth of cooking oil, or an egg. She earns a profit by getting supplies at wholesale prices and selling them by the piece. Her regular customers are her neighbors and the local community. She earns a minimum of PHP 500 in sales every day.

She is requesting a PHP 20,000 loan to help her continue the operation of her business. She will use the loan to buy groceries, toiletries and beverages to expand her product inventory.

Ruth hopes that her business will grow even more and dreams that her family will always stick together. She meets up with her co-fellowship* members to share stories of her life and business every week. She can also draw strength and inspiration from the fellowship and 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

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
  • 235
    View loans »
    Philippines Loans Fundraising
  • $50,678,025
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Ruth to pay for grocery items, toiletries and beverages needed in her business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2013
Listed
May 18, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013