Check out some available loans that are similar to this one!
Letecia
This is Letecia, 41, a resident of Intramuros, Manila, Philippines. She is married to Joel, a welder, and is a mother to their children. She, together with her husband, manages their household while operating the business. At this time, she is working hard to continually provide income for their everyday expenses.

Letecia operates a room rental business; it is rented on a monthly basis. She also has a variety store. She earns a minimum of 10,000 Philippine pesos (PHP) in sales every month.

To help her continue operations of her business, she is requesting a 40,000 PHP loan. She will be utilizing the loan for the repair and maintenance of her room for rent. She will also buy grocery products for her business.

Letecia dreams that her business will continue to grow and hopes that her children will finish their studies. She meets up with her co-fellowship* members to share stories of her work every week, and this is 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 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
  • 269
    View loans »
    Philippines Loans Fundraising
  • $52,788,275
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Letecia to pay for the renovation of her rental apartment and to buy grocery items for her variety store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2013
Listed
May 19, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013