Vivian's general store is her largest source of income. She also rents an extension of their house to student boarders and transients, she sells cosmetics and apparel, and she sells electronic load credits for mobile phones. She juggles all these business activities. Her combined monthly income reaches P 68,000.00 per month. She budgets her profit for her family’s daily basic needs, especially the education of her children.
Vivian is now on her 6th loan from the Center for Community Transformation (CCT) Credit Cooperative. She is applying for a new loan of P 25,000.00 to use as additional capital for her businesses. She will use part of the loan proceeds to purchase grocery items for her general store. Some will be used for her mobile phone electronic load credits.
The Center for Community Transformation (CCT) is an organized Christian response against poverty and social injustice. This is carried out through the fusion of social development initiatives and evangelical mission in a uniquely Filipino context. It serves urban and rural poor communities throughout the Philippines, in pursuit of its desire to see changed lives, strong families, and transformed communities centered in the Lordship of Jesus Christ.
CCT is a member of the Five Talents family.
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 TransformationThe 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.
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