Mylene operates a variety store where she stocks some supplies that are commonly bought by the neighborhood. She also has a food stall where one can buy home-cooked meals. Her variety store and food stall make it easy for her neighbors to buy supplies and food for their house without the need to travel long distances.
To help her continue the operations for her variety store, she is requesting a loan of Php34,000. She will be utilizing the loan to buy supplies for her variety store.
She’s hoping that this additional capital for her business will help her expand her business more and through her hard work, send all her children to finish college. She faithfully meets up with her CCT-fellowship members to share stories of her business every week.
* 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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Success!! The loan was 100% repaid