Soraida B., 49, wants nothing more for her business except to acquire more customers. She is married to Fredie B., a vendor, and they are blessed with four children. She makes sure that she helps her husband earn so that their family can have a better life. Her business is selling homemade hamburgers and selling snacks.
Soraida has been a regular member of Center for Community Transformation (CCT) for two years now. She regularly attends their weekly fellowship meetings and pays her weekly dues consistently. Because of her good repayment performance with her previous loans, she was able to borrow nine times from CCT’s Cooperative. The reason why she was consistent in paying her dues was because she used almost all the money she borrowed as capital money for her burger stand. Her business now lets her earn a net profit of PHP 3,620 per month.
Now with your help, Soraida would like to apply for a PHP 8,000 loan. This amount will be used as a source of added capital to her expanding business by buying bread, and hamburger patties for her business. The profits that she will earn from her business will be saved so that she can use it for house repairs.
Soraida dreams that someday she can have a bigger burger stand and a restaurant.
About the Center for Community Transformation
The 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.