Update on LuisLuis previously accessed a 30,000 PHP loan that he used to pay for the maintenance of his water dispenser business and computer shop. His earnings were a big help for the education of his children and in their personal, household and business expenditures.
To help him continue operations of his business, he is requesting another loan, this time for PHP 35,000. He will use the loan to buy three sets of computer units needed in his shop. His profits from his business will definitely help him to sustain their daily needs and educational expenses of his children. He looks forward to this financial increase with gladness and thankfulness in his heart.
Luis dreams of having a well-to-do living and hopes to put up branches of his computer shop. He meets up every week with his co-fellowship* members to share stories of his work and to draw strength and inspiration from the word of God he studies.
* All CCT community partners/clients are organized into fellowship groups that meet on a weekly basis. A fellowship group comprises 15 to 30 community partners. The fellowship groups gather each week to study the word of God, build social capital and repay microfinance loans.
Previous Loan DetailsThis is Luis. His previous loan was a big help in his business. As of now, he is more focused in attending to his coin-operated water dispenser business as well as in his computer shop. He and his wife continue to work to provide for their family. He would like to apply for another 30,000 PHP ... More from Luis'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.
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Success!! The loan was 100% repaid