Teresita operates a variety store. In the Philippines, a variety store is basically a small convenience store which sells groceries, toiletries and beverages piecemeal to the local community. It is the place to go to buy one sachet of shampoo, 5 PHP worth of cooking oil, or an egg. She earns money by getting supplies wholesale and selling them at retail prices. Her regular customers are her neighbors and other members of the local community. She earns a minimum of PHP 500 in sales every day.
To help her continue operating her business, Teresita is requesting a PHP 30,000 loan. She will use the money to buy more groceries, toiletries and beverages and expand her inventory. She expects a boost in her business income as she expands her product line.
Teresita dreams of giving her family a good life through all her hard work on her business. She meets faithfully with her co-fellowship* members every week to share stories of her work and also 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 repay 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