Alberto T., 53, is making sure that his family has enough provisions for their daily needs. Married to Melba T., he is blessed with three children. He is making sure that his family will have a better future. He has been selling fruits and vegetables for more than a year.
Alberto has been a regular member of Center for Community Transformation* (CCT) for more than a year now. He regularly attends their weekly fellowship meetings and pays his weekly dues consistently. Because of his good repayment performance with his previous loans, he was able to borrow a few times in CCT’s Cooperative, a Kiva partner. He is consistent in paying his dues because he used the money he borrowed to buy assorted fruits and vegetables from wholesalers. His business lets him earn a profit of 15,000 Philippine pesos per month.
Now with your help, he would like to apply for a PHP 12,000 loan. This amount will be used as a source of added capital to his expanding business by allowing him to buy more stock of assorted fruits and vegetables.
He dreams that his earnings from his business will continue to grow so that he can continue to finance his children's education until they finish 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.
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.