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Aida
Aida is 52 years of age, married and has two children. As a way of generating income, she has engaged in variety store business within her community for almost nine years now. Her husband, Rodolfo, helps her in their business and they work hand-in-hand to provide for their needs.

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, Php5-worth of cooking oil, or an egg. She earns by getting supplies at wholesale prices and selling by piece. Her regular customers are her neighbors and the local community. She earns a minimum of Php500 in sales every day.

Due to financial insufficiency, Aida wants to make her business more profitable in order to earn a higher income. For this reason, she would like the help of a loan amounting to 8,000 PHP (Philippines pesos) to buy additional grocery items that are needed. Being a kind and friendly mother, she is hoping that she will further improve the business through this financial assistance.

Aida hopes to stay strong and fit for work so that she could continually help to sustain their everyday needs. She meets up with her co-fellowship* members to share stories of her life and business every week and where she can also draw strength and inspiration from the fellowship and 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
  • 1563
    View loans »
    Philippines Loans Fundraising
  • $56,630,475
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Aida to pay for grocery items, toiletries and beverages needed in her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2014
Listed
Jul 14, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014