Avelina owns and oversees operations of their jeepney* transportation business. She has one jeepney (14-16 person capacity), which earns boundary** (daily quota) payments each day. Her regular customers are her neighbors and the local community. She earns a minimum of 1,000 PHP every day.
To help her continue operating their business, she is requesting a 25,000 PHP loan. She will be utilizing the loan to buy spare parts and maintenance for her jeepney unit.
Avelina hopes to buy another jeepney unit and dreams that her family is always in good health. She meets up with her co-fellowship** members to share stories of her life and business every week, where she can also draw strength and inspiration from the Word of God she studies.
*Curiously, Jeepneys have purely American origins. They were first used by American soldiers helping the Philippines throw off the invading Japanese. Filipino ingenuity, however, managed to see this vehicle as an opportunity to earn, and modified the Jeep into a 20-seater jeepney, open enough to provide adequate ventilation, sturdy enough for every day travel, and cheap enough to buy and maintain. Now, the jeepneys are one of the things that truly makes the Philippines the Philippines.
**In the boundary system, the driver pays the jeepney owner a fixed amount (the “boundary”) for driving a passenger vehicle for 12 hours. It is as if the driver is renting the vehicle. What he earns from passenger fares above the “boundary” minus what he paid for the gas and oil is his take-home pay.
*** 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.
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