Annabelle manages a transportation business, renting out one motorcycle, a tricycle, and a van to local drivers. The drivers use the rented vehicles for public transport, and return them to Annabelle when the day is over. Aside from this, Annabelle also has a buy-and-sell business and a catering business. Through these businesses she earns around Php13,220 per month.
To help her grow her transportation business, Annabelle is requesting a Php45,000 loan. She intends to use the money for repairs and maintenance of her vehicles. She believes that this effort will ensure that her business will continue to run smoothly and earn a profit.
If there is one area where Annabelle seeks security, it is in the education of her children. To ensure that there enough money for her children's tuition, Annabelle strives hard to make her businesses grow. As she motivated herself as a student, Annabelle encourages her children to grab the opportunity to learn. At the end of the day, all she wants to see is her children having a secure future.
*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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