Being in the direct-sales business, Maribel has developed the skill to choose quality products and deal with people in the neighborhood so as to turn them into regular customers. She sells shirts, pants, bags, shoes, cosmetics, fashion accessories and jewelry that suit the tastes of her friends and business connections. She earns an income by availing herself of discounts from product catalogs and then selling these items at their regular price to her customers. At the end of the month, she is able to earn a minimum net income of around 10,000 PHP.
To help her continue operation of her business, she is requesting a 27,000 PHP loan. She plans to use this loan to purchase items ordered in advance by her customers. She will also purchase items that are usually ordered by her patrons so that she will be ready to offer them to her clients. By doing this, Maribel believes that she will be able to increase her earning capacity as a micro-entrepreneur.
Sure enough, Maribel does have her share of customers who do not pay on time. Nevertheless, she still prays that she will be able to collect their payments. She dreams of having her house renovated soon and that her business will continue to flourish so she can be of help to her family and relatives.
All CCT community partners and clients are organized into fellowship groups that meet on a weekly basis. A fellowship group is composed of fifteen to thirty community partners. The fellowship groups gather each week to study the Word of God, build social capital and pay microfinance loans. As a CCT community partner, Maribel faithfully attends CCT’s weekly fellowship meeting where she can also draw strength and inspiration from the Word of God she receives.
About the Center for Community TransformationThe 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.
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Success!! The loan was 100% repaid