Elsa is a mineral water distributor. She buys mineral water in containers from wholesalers and then sells the containers (5 gallons per container) at a profit. Her regular customers for her mineral water are her neighbors and the local community. She has a minimum of 500 PHP in sales every day.
To help her continue business operations, she is requesting a 20,000 PHP loan. She will be utilizing the loan to buy more stocks of mineral water to expand her product inventory. She expects a boost in her income as she expands her business.
Elsa dreams of being able to give her all her children a high-quality education and hopes to have her own vehicle through all her hard work with her business. She also hopes to have a growing network of customers. She faithfully meets up with her co-fellowship members to share stories of her work every week and draw strength and inspiration from the Word of God that they study.
* 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 microfinance 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