Remedio has a rolling store – a store on wheels. He sells items that are of good use to customers on a daily basis, such as plastic wares and small appliances. For five years, Remedio has gotten to know what his fellow community members typically look for. With this business, he makes a net income of around 10,000 PHP per month. He manages to keep his business going without any employees at his side.
To help him continue to operate his business, he is requesting a loan of 10,000 PHP. He views this loan as a big boost to his capital, with which he is able to purchase necessary items to expand his product inventory. It is crucial for him to acquire whatever item his customers are looking for, and this loan enables him to do just that.
Life keeps on flowing, and while there is a positive look to it, it also brings challenges to Remedio. One of the uncertainties Remedio feels as he goes along with the flow every day is that he is not certain how they will survive each day, as there is still no concrete means of sustaining his business. One thing he holds to, however, is the business that he has. That is why he makes sure he meets every need of his customers so they will patronize his business and buy regularly from him. Even as he desires sustainability for his business, he prays for a good business space with a low rental rate. He longs deeply to see his children finish school and learn not just to go along with the flow but to make things happen. As a CCT community partner, he faithfully attends the group's weekly fellowship* meeting where he can also draw strength and inspiration from the Word of God he studies.
* 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