Update on MadelThis is Madel. She is thankful for the financial assistance extended to her as she was able to buy spare parts and cover maintenance costs for her computer shop. Her earnings were a big help for the education of her children and in meeting her personal, household and business expenses.
She would like to apply for another 20,000 PHP loan for her to buy parts and cover maintenance costs for her computer shop. Her profits from her business will definitely help her to sustain her family's daily needs and cover the educational expenses of her children. She looks forward to this financial increase with gladness and thankfulness in her heart.
Madel dreams of managing her own bar and restaurant. She still hopes for her children to finish their studies and that they will be able to acquire better job opportunities. Every week, she meets with her co-fellowship members to share stories of their work and to find strength and inspiration from studying the Word of God.
*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 pay micro finance loans.
Previous Loan DetailsMadel previously accessed a 25,000 PHP loan that she used to buy spare parts and cover maintenance costs of her computer shop. Her earnings were a big help for the education of her children and in their personal, household, and business expenditures. She would like to apply for another 20,000 ... More from Madel'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.
Concurrent and Successive Loans
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Success!! The loan was 100% repaid