Update on OfeliaThis is Ofelia. She previously accessed an 14,000 PHP loan that she used buy more quantities of raw materials like fabric, thread, and other items needed in her business. Her earnings were a big help for the education of her child and in their personal, household, and business expenditures. She is now into a buy and sell business and she has stopped her tailoring business for a while.
She would like to apply for another 16,000 PHP loan to buy more different products like slippers, undergarments, umbrellas, and blankets needed in her business. The more items displayed at the store the better. More items to sell will result in better profit. Her profits from business will definitely help her to sustain her daily needs and the educational expenses of her child. She looks forward to this financial increase with gladness and thankfulness in her heart.
Ofelia hopes that her business will continue to flourish, and dreams that her child will finish his studies. She meets up with her co-fellowship* members to share stories of her life and business every week and draws strength and inspiration from the fellowship and 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 micro finance loans.
Previous Loan DetailsThis is Ofelia, 50, a resident of Payatas, Philippines. She is the mother of one child and she manages their household with his help. At this time, she is working hard to continually provide income for their everyday expenses. Ofelia operates a tailoring business. She mainly offers curtains, ... More from Ofelia's previous loan »
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.
Concurrent and Successive Loans
1153View loans »
Success!! The loan was 100% repaid