Ronald runs a sari-sari, which is basically a small convenience store where groceries, toiletries and beverages are sold piecemeal to the local neighborhood. It is the place to go to buy one packet of shampoo, five PHP’s worth of cooking oil or an egg. He buys his goods wholesale, then sells them at retail prices. His store is next to his house, and his regular customers are his neighbors and the local community. He earns a minimum of 350 PHP a day in sales.
To help him continue operations, he is applying for a 19,000 PHP loan through CCT to buy groceries, toiletries and beverages to expand his inventory. He hopes to grow his business and dreams of all his children finishing school.
Locally, all CCT community partners and clients, of which Ronald is one, 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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