Fedel operates a bridal gown retailing business. What he basically does is buy bridal gowns from his suppliers and sell them per item with a profit. His products are bridal gowns and dresses. His regular customers are people in the local community. He earns a minimum of 3000 Philippine Pesos (PHP) in sales every week.
To help him continue operations of his business, he is requesting a Php 50,000 loan. He will be utilizing the loan to buy more quantities of bridal gowns and dresses to expand his product inventory. He expects a boost in his business income as he expands his business.
Fedel hopes to grow his business and dreams of being able to give his family a good future through all his hard work on his business. He faithfully meets up with his co-fellowship members to share stories of his work every week and also draw strength and inspiration from the Word of God he 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