Update on NicanorNicanor is thankful for the financial assistance extended to him as he was able to utilize it to purchase an increased quantity and variety of grocery items, toiletries and beverages to sell in his business. His earnings were a big help in his family's personal, household and business expenditures.
He would like to take out another loan, this time for 30,000 PHP. He will be utilizing the loan to buy groceries, toiletries, beverages and other products to sell: the more items displayed in the store, the better. More items to sell will result in higher profit. Nicanor's profits from his business will definitely help him to sustain his family's daily needs. He looks forward to this financial increase with gladness and thankfulness in his heart.
Nicanor dreams of having a franchise for his business and of buying his own house and lot. He meets up with his co-fellowship* members to share stories of his life and business every week and draws strength and inspiration from the Word of God that 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.
Previous Loan DetailsNicanor previously accessed a 20,000 PHP loan that he utilized to purchase more quantities and varieties of grocery items, toiletries and beverages needed in his business. His earnings were a big help for the education of his child and in their personal, household and business expenditures. He... More from Nicanor's previous loan »
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.
Concurrent and Successive Loans
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Success!! The loan was 100% repaid