Sarah has operated a candle-making business for nine years now. With nine employees, including her husband, Sarah is able to run the business with confidence. She has been able to establish patrons who have become wholesalers of her candles, not only in the local community but also in neighboring towns and cities. Monthly, Sarah earns an estimated net income of around 12,000 PHP.
To help her continue to operate her business, she is requesting a loan of 50,000 PHP. She plans to use this loan to buy more raw materials needed for her candle-making business. She expects a boost in her business income as she expands her business.
Sarah dreams of being able to give all of her children a good and high quality education through all of her hard work in her business. As a Christian family, by faith she claims that her business will become even more successful to also be of help to their growing local church. As a CCT community partner, she faithfully attends the group’s weekly fellowship* meetings where she can also draw strength and inspiration from the Word of God.
*All CCT community members are organized into fellowship groups composed of 15 to 30 community partners who meet on a weekly basis. The fellowship groups gather 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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