Cleofe owns a variety store. She buys groceries like canned goods, condiments, milk, sugar, and primary commodities that are needed in every household. She earns money by getting supplies at wholesale prices and selling by the piece. Her store is located adjacent to her house. She is also into food vending and piggery businesses. Her regular customers are her neighbors and the local community. She earns a minimum of PHP 1000 Philippine Pesos in sales every day.
To help her continue operations of her business, she is requesting a Php20,000 loans. She will be utilizing the loan to buy more grocery items and enable her to have more stock. The more items displayed at the store the better, as it helps to attract more customers to buy in her variety store. More sales will result in better profit. It will help her to save more money for any possible expenditures ahead.
Cleofe hopes that her business will continue to grow. She hopes that she will be able to buy her own lot and have a better place for her business. She wishes that her family will continue to enjoy good health. She is active in attending the weekly fellowship* meetings as it helps to learn a lot from the Bible. Sharing the word of God strengthens her faith.
* All CCT community partners / clients are organized into fellowship groups that meet on a weekly basis. Afellowship 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 Micro Finance 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