In the Philippines, a variety store is basically a small convenience store which sells groceries, toiletries, and beverages piecemeal to the local neighborhood. It is the place to go to buy one sachet of shampoo, 5 PHP-worth of cooking oil, or an egg. She earns by buying supplies at wholesale prices and selling by the piece. Her regular customers are her neighbors and the local community. She earns a minimum of 500 PHP in sales every day.
To improve sales, Felomina would like to apply for a loan to purchase additional grocery goods to sell. With an amount of 11,000 PHP, she can purchase larger quantities and more varieties of grocery items, toiletries, and beverages needed for her business. She sincerely lets you know her heartfelt thanks and appreciation for this assistance in advance.
In the future, Felomina hopes to expand and open branches for her business. She meets up with her co-fellowship* members every week to share stories of her life and business and to draw strength and inspiration from the fellowship and the Word of God which she studies.
*All CCT (Center for Community Transformation Credit Cooperative) 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. 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