Ovilla G., 34, makes sure that her family's daily needs are met. She and her husband, Isagani G., a driver, have seven children. She helps the family income by managing a barbecue stall and also operates a jeepney or small bus.
Ovilla, or Beck-Beck, as she is fondly called, has been a member of the Center for Community Transformation* (CCT) for more than a year. She regularly attends their weekly fellowship meetings and pays her weekly dues consistently. Because of her good repayment performance with previous loans, she was able to borrow quite a few times in CCT’s Cooperative. She uses the money she borrows to expand and improve her barbeque business.
To ensure the success of her business, she would like to apply for a PHP 10,000 loan. This amount will be used as a source of added capital for her expanding business by buying raw ingredients needed such as fuel, condiments, and seasonings. She dreams that her business will continue to grow so that she can renovate her house to incorporate her own barbecue stall right in front of it.
* 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.