Jenny operates a buy-and-sell business. What she basically does is buy general merchandise from wholesalers and resells it for a little profit. Her products are men's and women’s clothes and other products of the like. Customers are attracted to buy due to her low prices and the many options she offers. Her regular customers are her neighbors and the local community. Jenny earns a minimum of 300 Philippine Pesos (PHP) in sales every day.
To help her continue operations of her business, Jenny is requesting a loan of PHP 20,000. She will use the loan to buy ready-to-wear products and merchandise such as jackets, shirts, and polos for men and women to expand her product inventory.
Jenny hopes that her business will get bigger. She dreams of giving her children a good life and education. She faithfully meets up with her co-fellowship* members every week to share stories of her life and business and to draw strength and inspiration from the Word of God, which 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 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