Carolina operates a food stall. In the Philippines, the whole working community and most of the families only eat home-cooked meals during the evenings when all of the family members are at home to take part in the meal. This is not only a common family tradition but also a matter of convenience and frugal living. It is considered a waste of money and time to spend cooking gas and food for one to two persons when buying cooked rice and viands cost less than raw food. Her stall's regular customers are her neighbors in the local community. She earns a minimum of PHP 1,000 in sales every day.
To help her continue operating her business, she is requesting a loan of PHP 25,000. She will be utilizing the loan to buy more quantities of products like meats, rice, vegetables, condiments and seasonings. She expects a boost in her business income as a result.
Carolina hopes to open another store in their area and dreams of being able to give her child a high quality education through her hard work. She faithfully meets up with her co-fellowship members to share stories of their work every week and to also draw strength and inspiration from the Word of God they study.
* 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