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Concesa
This is Concesa, 60, a resident of Malibay, Pasay, Philippines. She is married to Rafael and they have children. She and her husband manage their household while operating their business. Concesa works hard to continually provide income for their everyday expenses.

Concesa 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 small amount of cooking oil, or an egg. She earns a profit by getting supplies at wholesale prices and reselling them by piece. She also sells rice and frozen foods for additional income. Her regular customers are her neighbors and the local community. She earns a minimum of PHP 1,000 in sales every day.

Concesa is requesting a PHP 50,000 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.

Concesa hopes to have a bigger store and dreams that her body will always be strong and healthy to do the things that she has to do. She meets every week 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, which 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

  • $7,000
    Average annual income
  • 1288
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Concesa to pay for grocery items, toiletries, and beverages to expand her product inventory.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2013
Listed
Sep 22, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 18, 2014