Salvacion owns a variety store. This is a small store, just connected to or just inside the house, which can be owned by anyone in the community. This is where you can buy a sachet of shampoo, conditioner, a bar of soap, a PHP5-worth of cooking oil, or an egg, for example. Salvacion obtains her products from a wholesaler at a lower price then sells it at a higher price for profit. She also sells charcoal and rice. Her regular customers are her neighbors, passersby, and the people in the community. She earns 700 PHP a day.
She is requesting a 20,000 PHP loan in order to expand her inventory (groceries, toiletries, beverage, etc.). This loan will be a great help for her to add more products to her store. Salvacion hopes that her business will grow and expand. She 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 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 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