Saipa is requesting a 15,000 PHP loan to buy additional stock of used-but-quality shirts, shorts, blouses, and pants to expand her business. Customers are attracted to “ukay-ukay” stalls as they have lots of clothes to choose from. Saipa plans to add more pants or jeans, used bags, and footwear. She plans to use the profits from her loan to meet customer demand. Through proper management of capital and profit, Saipa will expand her business and boost her income.
Saipa hopes her business will grow and she will have her own stall. She dreams that her children will finish their studies and have a good life. She faithfully meets up with her co-fellowship* members to share stories of her life and business every week and draw strength and inspiration from the studying the word of God.
* 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 who gather 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