Jeralyn owns a variety store. This is a small store that can be owned by anyone in the community and the stores are connected to or just inside their houses. This is where you can buy a sachet of shampoo or conditioner, a bar of soap, 5 PHP of cooking oil, an egg, or other products. She gets her products from a wholesaler at a lower price. Then she will sell them per piece, for a higher price, to have profit. Her regular customers are her neighbors, passerby, and the people in the community. She earns 300 PHP a day.
To be able to expand her inventory, she is requesting 17,000 PHP. She will use the loan to buy groceries, toiletries, and beverages to expand her product inventory. This loan will be a great help to her to add more products to her store.
Jeralyn hopes that her business will grow and expand. She dreams that her children will finish their studies. She meets up with her co-fellowship members* to share stories of her life and business every week. There she can also draw strength and inspiration from the fellowship and 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 repay micro-finance 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