Simeona has been a regular member of the Center for Community Transformation (CCT) for more than five years now. She regularly attends its weekly fellowship meetings* and pays her weekly dues consistently. Her good repayment performance with her previous loans means she was able to borrow six times from CCT’s Cooperative. She is consistent in paying her dues because she used the money she borrowed to expand and improve her business.
To ensure the success of her business, Simeona would like to apply for a loan of 12,000 PHP. This amount will be used as a source of added capital to her expanding businesses for buying additional ornamental plants, needed materials and also buying spare parts for the maintenance of their own tricycle unit.
Simeona dreams that her business will continue to grow so that she can buy an additional home lot for their children to settle on someday.
* 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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Success!! The loan was 100% repaid