Modesto would like to expand his business with a loan of 10,000 PHP, which he will use to purchase additional varieties of fruit to meet the demands of his customers. He hopes that the additional variety will allow him to generate more revenue and increase the family's savings. Modesto hopes that eventually the business will generate enough revenue to allow him and his wife to have and support children.
Modesto has been a member of Kiva partner, the Center for Community Transformation (CCT), since 2005 and has consistently paid his weekly dues during fellowship meetings* . He is currently on his 12th loan with CCT.
* 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. They 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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