Violeta sells 3-in-1 coffee manufactured by a brand called DXN. She also buys and sells other merchandise such as rice and apparel. For eight years, she has been working with her home as her commercial space. She usually sells her merchandise to neighbors, community friends, and business connections. With her all-out perseverance, she is able to earn about $233 a month on average.
To help her continue the operation of her businesses, she is requesting a loan of 30,000 PHP. She will use this amount to purchase DXN products such as the 3-in-1 coffee, bottles of vitamins (food supplements), and toothpastes. She also intends to buy sacks of rice for retailing, as well as some apparel for resale. Violeta recognizes the loan as highly helpful in increasing her earnings so that she can meet her family's needs.
Violeta finds it challenging to follow up on the payments of her neighbors, due to the Filipino culture of saving the face of one who refuses or is incapable of paying debts. Another challenge is her children who are already grown up and have their own families, but who refuse to build their own homes and earn their own money. Violeta seeks to find ways to settle both her business and personal issues, and to restore familial relationships. She desires to have her own commercial space. Also, she prays that her children will soon be able to find work.
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.
*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 micro-finance 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