Emma operates a business where she sells watches and cell phones. She buys them at wholesale prices and sells them for a small profit. Customers are attracted to buy due to the low selling prices. Aside from her retail business she also earns an income through her tap water refilling station. Her regular customers are her neighbors and the local community. She earns a minimum of 3,000 PHP in sales every week.
To help her continue operating her business, she is requesting a 35,000 PHP loan. She will utilize the loan to expand her product inventory. She expects a boost in her business income as she expands her business.
Emma dreams to be able to give her children a good and high quality education through all her hard work on her business. Every week, she faithfully meets up with her co-fellowship members 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 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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