This is Leticia D. C., a widow at 55, resident of Pasay City, Philippines. She has a child who is struggling through his high school years. By the grace of God, Leticia has managed to support her child’s schooling by herself. At this time, she is working hard to be able to send her child all the way through college. A dream for most poor Filipino parents like Leticia as she herself has been a college undergraduate and believes that a college diploma is the best inheritance parents could leave to their children.
Leticia operates a bakery. Breads and spreads are staples in the usual Filipino cuisine, and are used mostly for breakfast and snacks. The most popular type of bread is the Pandesal, a Filipino version of the Spanish Pan de Sal or salted bread. It is baked during the wee hours of the morning and sold steaming hot to early commuters, students and workers. It is also packed hot into a Styrofoam box and sold in the streets, mostly recognized by the honking of the bicycle boy who carries and sells them. Leticia’s store is located adjacent to her house. Her regular customers are her neighbors and the local community. She earns a minimum of 500 Philippine pesos (PHP) in sales every day.
To help her continue operations of her business, she is requesting a 50,000 PHP loan. She will be utilizing the loan to buy raw supplies like flour, sugar, and butter, which she needs to continue production and expand her product inventory. She expects a boost in her business income as she expands her business.
Leticia hopes that her business will be successful one day, enough for her to buy her own house, lot, and car for her retirement.
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.