Vilma buys frozen food products from manufacturers at wholesale prices and then sells these items piecemeal with a minimum markup. She also supplies balot (a fertilized duck egg with a nearly-developed embryo inside that is boiled and eaten in the shell) to balot vendors in her locality. Vilma earns an estimated monthly income of PHP 10,000.
To help her continue business operations, Vilma would like to request a PHP 50,000 loan, which she will use to buy frozen meats in bulk and to purchase food items ordered in advance by her customers. She will also use the loan to purchase trays of eggs for balot making. Vilma believes she will gain an increase in her earning capacity as a result of this loan. Vilma fervently prays for good health and successful studies for her child. She also hopes to someday establish another outlet for her business.
As a CCT community partner, Vilma faithfully attends the group's weekly fellowship* meeting where she can also draw strength and inspiration from the Word of God she receives.
*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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