Joan M., 29, is making sure that her family has enough to cover their daily needs. Married to Joseph M. who works at a printing press, she is blessed with two children. She makes sure that she helps her husband earn their living so that their family can have a better life. She has managed her own variety store for several years.
Joan has been a regular member of Center for Community Transformation* (CCT) for more than 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 eight times through CCT’s Cooperative. She is consistent in paying her dues because she uses the money she borrows in buying added stock for her business. Her business lets her earn a profit of PHP 8,000 per month.
Now with your help, she would like to apply for a PHP 18,000 loan. This amount will be used as a source of added working capital for her expanding business by buying more stock for her store.
She dreams that her business will continue to grow so that she can finance her children’s schooling until they graduate from college.
* 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.
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.