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Belen
This is Belen, 50, resident of Intramuros, Manila, Philippines. She is married to Wilfredo, a vendor, and is a mother to her children. She and her husband manage their household while operating the business. At this time, she is working hard to continually provide income for her everyday expenses.

Belen operates a buy and sell business. What she basically does is buy different bags like sling bags, shoulder bags, backpacks, clutch bags and others. Customers are attracted to buy due to the low selling prices and the many options she offers. She also offers perfumes, bags and wallets in her store. Her regular customers are her neighbors and the local community. She earns a minimum of 2,000 Philippine Pesos (PHP) in sales every day.

To help her continue operations of her business, she is requesting a PHP 10,000 loan. She will be utilizing the loan to buy more quantities and varieties of bags to expand her product inventory.

Belen dreams to be successful in her business 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. This is where she grows and finds strength 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 pay 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
  • 455
    View loans »
    Philippines Loans Fundraising
  • $51,043,600
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Belen to pay for more quantities and varieties of bags to expand her product inventory.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013