Mary Jean has been a regular member of Kiva parnter, Center for Community Transformation (CCT), for more than a year. She regularly attends its weekly fellowship meetings* and pays her weekly dues consistently. Because of her good repayment performance for her previous loans, she has been able to borrow quite a few times from CCT’s cooperative. She is consistent in paying her dues because she used the money she borrowed to expand and improve her rug-making business.
To ensure the success of her business, she would like to apply for a loan of 11,000 PHP. This amount will be used as a source of added capital for her expanding business by buying raw materials and supplies needed to continue rug production. Mary Jean dreams that her business will continue to grow so that she can provide for her child’s education.
* 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