Teresita has been a member of Center for Community Transformation (CCT)* for more than four years now, and she has received seven consecutive loans because of her good repayment rate. She wants to apply for a 17,000 Philippine pesos (PHP) loan so that she can buy more products to sell to her clients living in Dasmariñas Cavite, a province just south of Manila.
Teresita dreams that someday she will have her own boutique where she can display all her products so that her clients can easily shop. She prays that through her added contribution to their monthly income, she and her husband will save enough money so that they can renovate their house and enable their children to finish their studies and graduate from 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 microfinance 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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