Linda's task at hand is a business in coin bank making. She picks out quality materials, hires around eight employees who will work for her on a piece rate, and keeps an eye for excellence to produce crafts that customers would brand as quality and worth buying. Linda has been for 10 years in this kind of business and is still counting. As of now, the business is still residential. Monthly, she earns around Php 10,000.
To help her grow her business, Linda decides to ask for a loan of Php 50,000. This will be used purely for business: for improving the process of craft making, purchasing only the quality materials, and making sure the business stays profitable. Linda says the loan will really help her keep the coin bank making in good shape.
Linda speaks of the rainy season as a challenge to her business, as well as the school opening, since she has to use part of the business money for her children's tuition fees. No matter what the challenges are, however, she is ever determined to thoughtfully figure out how to make the finances flow smoothly in her business. She desires to have her own coin bank factory, and just like any ordinary person, she prays for good health and a good life for each member of her dear family.
As a CCT community partner, she faithfully attends the group's weekly fellowship* meeting where she can also draw strength and inspiration from the Word of God she received.
*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