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Virginia A., 51, is making sure that her family has enough provision for their daily needs. Married to Matyano A., a barber and junk shop owner, they are blessed with four children. Virginia makes sure that she helps her husband earn so that their family can have a better life. She has been managing their family’s junk shop together with her husband for quite some time now.

Virginia has been a regular member of Center for Community Transformation (CCT) for more than a year. She regularly attends its weekly fellowship meetings* and pays her weekly dues consistently. Her good repayment performance with her previous loans means she was able to borrow quite a few times in CCT’s Cooperative. She is consistent in paying her dues because she used the money she borrowed to expand and improve her junk shop.

To ensure the success of the family's businesses, Virginia would like to apply for a loan of 13,000 PHP. This amount will be used as a source of added capital to the expanding businesses by buying equipment and other hair care products for the barber shop and investing a portion of the loan in buying junk from junk collectors.

Virginia dreams that her business will continue to grow so that she can provide for her children’s education.

* 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

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
  • 418
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 45.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Virginia to buy equipment and other hair care products for the barber shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 21, 2010
May 7, 2010
Currency Exchange Loss:
Nov 15, 2010