Bizard E. is a sewer and does furniture upholstery. He has been a sewer for 17 years.
A member of Center for Community Transformation* for more than a year, he has already received six loans from CCT because of good attendance in their weekly fellowship meetings and his regular payment of dues. With the added capital that he received from CCT, his business grew and now he earns 12500 PHP net profit per month.
Because he sees that his business is flourishing, he now wants to further expand his business by applying for a 16000 PHP loan so that he can use it as added capital to buy more raw materials for making more furniture.
He prays that God will continually bless his business so that someday he can have his own upholstery shop full of clients and earn enough money for his kids to finish their studies until they graduate in college.
* 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
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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Success!! The loan was 100% repaid