Linda operates a coin bank manufacturing business. She buys raw materials used in coin bank production and processes it into colorful coin banks. Her finished products are distributed to markets, general stores and other places where she has contacts for her products. She earns a small margin for every coin bank that she delivers. Aside from this, she also operates an internet shop for additional income. She earns a minimum of 1500 PHP in profit every day.
To help her continue operation of her business, she is requesting a 50,000 PHP loan. She will be utilizing the loan to buy raw materials needed in coin bank production and other supplies for her business. She expects a boost in her business income as she expands her business.
Linda dreams of being able to give her all her children a good, high quality education through all her hard work on her business, and she also hopes to tap more customers in the future. She faithfully meets up with her fellowship co-members to share stories of her work every week, and also draws 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