Arnold has operated his variety store for seven years now. In the Philippines, a variety store is basically a small convenience store which retails groceries, toiletries, and beverages piecemeal to the local neighborhood. It is the place to go to buy one sachet of shampoo, a PHP 5 worth of cooking oil, or an egg. He earns income by getting supplies at wholesale prices and selling by the piece. His store is located adjacent to his house. His regular customers are his neighbors and the local community. He earns a minimum of 350 PHP in sales every day.
To help him continue operation of his business, he is requesting a PHP 30,000 loan. He will use the loan to buy groceries, toiletries and beverages to expand his product inventory.
Arnold hopes that his business will continue to flourish and dreams of having a better living. He meets up with his co-fellowship* members to share stories of his life and business every week and also draws 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 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. These loans will be directed to borrowers living in affected areas and help them to rebuild and recover.
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