Philippines > Center for Community Transformation Credit Cooperative (CCT)

About the Field Partner

Center for Community Transformation Credit Cooperative (CCT) administers this loan. Learn more
Field Partner:	Center for Community Transformation Credit Cooperative (CCT)
Field Partner Risk Rating:	(Learn more)
Time on Kiva:	7 months
Kiva Entrepreneurs:	471
Total Loans:	$179,700
Interest & Fees are Charged:	Yes (Learn more)
Portfolio Yield: 65% Profitability (Return on Assets): 2% Average Loan Size (% of Per Capita Income): 8%
Delinquency Rate:	0.95%
Default Rate:	0.00%
Currency Exchange Loss Rate:	0.00%
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Kiva Fundraising Status

Fundraising Status	Pilot
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Other Information Sources

MIX Profile	View MIX Profile
Network Affiliation	Microfinance Council of the Philippines
Social Performance Reporting Level	N/A
Consumer Protection Principles	N/A
Field Partner Website	View Website
Email Contact	None

Founded in 2004, the Center for Community Transformation Credit Cooperative (CCT) is a subsidiary of the The Center for Community Transformation Group of Ministries, faith-based nonprofit development organization that is dedicated to transforming the lives and communities by providing services to the poor through a holistic development approach anchored in Christian principles. CCT reaches micro-entrepreneurs, service workers, itinerant vendors, orphans, and abandoned children in urban poor communities. In addition to CCT, the Center for Community Transformation operates training and development programs, clinics and disaster relief operations. CCT also runs a generic pharmaceutical distribution business called Tindahan Para Sa Bayan which allows micro entrepreneurs to access low cost medicine while funneling any extra income to social service projects.

CCT has a very strong social mission and specifically targets the poor. Average loan size for CCT borrowers is very small at $117 (although the maximum loan amount is about USD$2,000). While about 80% of its loans are for micro-businesses, CCT also funds educational loans (Study-Now-Pay-Later Plans) and housing loans. Recently, CCT also opened their services to the rank-and-file employees of partner companies for educational and housing purposes. As a cooperative, its clients are its co-owners and a large portion (70%) of the profits is returned to its client-members in the form of dividends and patronage refunds.

At the end of 2008, CCT had 145 branches throughout the Philippines and had over 70,000 active borrowers. Typical microentrepreneurs posted by CCT on Kiva include grocery store owners, fish sellers, trash collectors, food producers, transportation and agricultural businesses.

CCT Response to Typhoon’s in Philippines Of CCT’s 70,000 borrowers, 4,803 have been affected by the recent typhoons. Twenty-six members of the CCT staff also were affected. CCT quickly responded to those affected with distributions of food, basic medicines, clothes, blankets and foam mattresses. CCT continues to support its partners and borrowers affected by flooding.

Management

The CCT management team has deep understanding of microfinance operations and the financing industry in the Philippines.

Ruth Callanta, President and CEO, is a social development practitioner who used to sit on the Board of World Vision International, the global arm of an international relief and development organization, and one of the founders of Alliance of Philippine Partners in Enterprise Development (APPEND) an MFI network in the Philippines.

The Board of Directors of CCT is composed of respected businessmen and academicians. Its Chair is Mr. Bertram Lim, CEO of United Neon, a manufacturer of commercial signs, and its Treasurer is Professor Ronald Chua a microfinance specialist of the Asian Institute of Management – the leading business school in Asia.

CCT has over 700 full-time employees plus volunteer business mentors and community leaders that work with borrowers throughout 11 regions, 20 provinces, 49 cities throughout the Philippines.

Learn More:

• Visit our Website: http://www.cct.org.ph/

• Join our lending team: "Team CCT-Philippines"