Teodora T. is a 53-year-old businesswoman from Binondo, Manila. She got into business many years ago. She manages her own sari-sari (general) store. She also maintains a coin-operated video-karaoke machine. She earns a total net income of more than P11,000.00 a month from these business activities. She saves most of her profits so she has something to pull out of her pocket in times of emergencies.
She became a member of the Center for Community Transformation (CCT) Credit Cooperative in 2005. Teodora applied for a new loan of P12,000.00 as additional capital for her businesses. She is due to purchase more grocery items for her general store. Her video-karaoke machine also needs preventive maintenance.
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.
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.