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Romeo
This is Romeo, 33, a resident of Batasan, Quezon City, Philippines. He is married to Joy, his business partner and they have a child. He, together with his wife, manages his household while operating the business. At this time, he is working hard to continually provide income for his everyday expenses.

Romeo operates a junk shop. Trash is not actively segregated in the Philippines, and while waiting for their local dump trucks, people scavenge garbage dumps and trash bags for recyclable materials like metal, copper, plastic, paper and other materials. They sell these to junk shops for a little profit. Junk shops then stack, clean, and gather huge quantities of these materials and sell them back to foundries like factories and others of the like. His regular customers are his neighbors and the local community. He earns a minimum of 1000 Philippine Pesos (PHP) in sales every day.

To help him continue his business operations, he is requesting a loan of PHP 25,000. He will be incorporating the loan with his current revolving funds used to buy trash from collectors.

Romeo dreams that his business will continue to grow and hopes that his family will always be in good condition. He meets up with his co-fellowship* members to share stories of his work every week and where he can also draw strength and inspiration from the Word of God he 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 Micro Finance loans.

Additional 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
  • 1402
    View loans »
    Philippines Loans Fundraising
  • $59,123,575
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Romeo to pay for recyclable materials needed in his business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2013
Listed
Nov 13, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014