Soraida has been a regular member of Center for Community Transformation (CCT) for two years now. She regularly attends their weekly fellowship meetings and pays her weekly dues consistently. Because of her good repayment performance with her previous loans, she was able to borrow nine times from CCT’s Cooperative. The reason why she was consistent in paying her dues was because she used almost all the money she borrowed as capital money for her burger stand. Her business now lets her earn a net profit of PHP 3,620 per month.
Now with your help, Soraida would like to apply for a PHP 8,000 loan. This amount will be used as a source of added capital to her expanding business by buying bread, and hamburger patties for her business. The profits that she will earn from her business will be saved so that she can use it for house repairs.
Soraida dreams that someday she can have a bigger burger stand and a restaurant.
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