Since trash is not actively segregated in the Philippines, people scavenge garbage dumps and trash bags while waiting for their local dump trucks. They scavenge for recyclable materials like metal, copper, plastic, paper, and other materials. They sell these to junk shops like Joey’s for a little profit. Junk shops then stack, clean, and gather huge quantities of these materials and sell them back to foundries such as factories. His regular customers are his neighbors and the local community. He earns a minimum of 200 PHP in sales every day.
To help him continue the operation of his business, he is requesting an 18,000 PHP loan. He will be incorporating the loan with his current revolving fund, which is used to buy trash from collectors. He expects a boost in his business income as he expands his business.
Renan hopes that his business will continue to grow and he dreams that his family will have a good life. He meets up with his co-fellowship members to share stories of his life and business every week and to draw strength 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, to build social capital, and to 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