Remedios C., 56, is making sure that her family has enough for their daily needs. She finds comfort in her children. She makes sure that she earns enough for the six children still living with her so that they can have a better life. She has been managing her variety store while operating a rag-making business.
Remedios has been a regular member of Center for Community Transformation* (CCT) for over a year. She regularly attends their weekly fellowship meetings and pays her weekly dues. Because of her good repayment performance with her previous loans, she was able to borrow a number of times in CCT’s Cooperative. She is consistent in paying her dues because she uses the money she borrows to expand and improve her businesses.
To help her continue her business operation, she would like to apply for a 50,000 PHP loan. This amount will be used as a source of added capital to her expanding business by buying groceries, toiletries, and beverages for her variety store. She will also use some of the loan to purchase more raw materials needed for her rag-making business.
She dreams that her business will continue to grow so that she can leave a successful business as a legacy to her children.
* 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 repay microfinance 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.