Elizabeth operates a variety store. In the Philippines, a variety store is basically a small convenience store, which retails groceries, toiletries and beverages piecemeal to the local neighborhood. It is the place to buy one sachet of shampoo, a Php5-worth of cooking oil, or an egg. Juanita earns by getting supplies at wholesale prices and selling them at piece rate. Elizabeth’s store is located adjacent to her house. Her regular customers are her neighbors and the local community. She earns a minimum of Php200 in sales every day.
To help her continue operations of her business, she is requesting a loan of Php21, 000. She will be using the loan to buy more quantities of products like groceries, toiletries and beverages to expand her product inventory. She expects a boost in her business income as she expands her business.
Elizabeth dreams of having her own house someday.
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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