Matilde operates a motorcycle parts retail business. She buys motorcycle parts and accessories from wholesalers and sells them per item with a profit. Customers are attracted to Matilde's business due to the low selling prices and the many products offered. Her regular customers are neighbors and the local community. Matilde earns a minimum of PHP 1,000 in daily sales.
To help her continue business operations, Matilde is requesting a PHP 50,000 loan, which she will use to buy additional motorcycle parts and accessories to expand her product inventory. She expects a boost in her business income as she expands her business.
Matilde dreams of being able to give all her children a good and high quality education through all her hard work in her business. She faithfully meets up with her co-fellowship members weekly to share stories of her work and to draw strength and inspiration from the Word of God she 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