Update on MateaThis is Matea. She previously accessed a 30,000 PHP loan that she used to buy gardening materials and supplies needed in her business. Her earnings were a big help in their personal, household and business expenditures.
She would like to apply for another loan, this time for 40,000 PHP. She will use the loan to buy gardening materials like wire and baskets, and supplies such as seed and fertilizer needed in her business. Her profits from his business will definitely help her sustain their daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart.
Matea hopes for the continuous success of her business and dreams of having a peaceful life. She meets up every week with her *co-fellowship members to share stories of her life and business. She also draws 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 pay microfinance loans.
Previous Loan DetailsThis is Matea, 61, a resident of Silang, Cavite, Philippines. She is a widow and a mother to her children. She manages her household while operating her business. At this time, she is working hard to continually provide income for their everyday expenses. Matea operates an ornamental plant bu... More from Matea's previous loan »
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.
Concurrent and Successive Loans
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Success!! The loan was 100% repaid
- Repayment Term
- 7 months (Additional Information)
- Repayment Schedule
- Mar 8, 2013
- Mar 13, 2013
- Currency Exchange Loss:
- Sep 17, 2013