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Maricel
This is Maricel, 29. She is a resident of Cabrera, Pasay, Philippines. She lives with her partner, and they both work hard to continually provide income for their everyday expenses.

Maricel operates a food stall. In the Philippines, the whole working community and most of the families only eat home-cooked meals during evenings when all of the family members are at home to take part in the meal. This is not only a usual family tradition, but a matter of convenience and frugal living. It is considered a waste of money and time to spend cooking gas and food for one or two people when buying cooked rice and viands costs less than raw food. Maricel's regular customers are her neighbors and the local community. She earns a minimum of 500 PHP in sales every day.

To help her continue her business operations, she requests a 20,000 PHP loan. She will utilize the loan to buy additional quantities of products like meats, rice, vegetables, condiments, and seasonings. She expects a boost in her business income as she expands her business.

Maricel hopes to grow her business. She meets with her co-fellowship members to share stories of her work every week and also draw strength and inspiration from her studies of the Word of God.

*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

  • $7,000
    Average annual income
  • 1265
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Maricel to buy raw ingredients like rice, pork, chicken, vegetables, and other items.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
May 25, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013