Being a member of Center for Community Transformation* for the past two years, Isabel has already received six loans, with her latest loan amount being PHP 12,000, because of her good attendance at weekly fellowship meetings and her regular payment of dues.
She wants to further expand her business this Christmas season by applying for a PHP 14,000 loan and using it as added capital to buy more stock like soft drinks, instant noodles, assorted snacks and other products for her variety store business.
She hopes that both her own and her husband’s hard work will someday pay off with a stable source of income from their expanding business, benefiting not only them but also their children as they each start families of their own.
* 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