She mainly offers rugs, from the round palm sized ones to the much larger doormats and other crafts that most rug-makers come up with every day. As rugs are a major part of Filipino housekeeping and cleaning, rugs are one of the most common products that can be bought, sometimes even from a peddler while you are riding in a speeding jeepney down the highway. Her regular customers are her neighbors and the local community. She earns a minimum of PHP 1500 in sales every week.
Rosemarie is taking out a PHP 20,000 loan assistance to buy supplies and other materials needed in her business. She will be utilizing the loan to buy more raw materials like fabric, thread and other items which are necessary to increase her inventory.
In the future, she dreams of managing and supervising her own people. She meets up with her co-fellowship* members to share stories of her life and business every week and where she can also 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