Cherry B. is 43 and single. She turns scrap into something useful and makes money out of it. She is certain that what she does benefits not only her, but also the people around her. She is a community partner in CCT*, where she spends a great deal of time learning how to improve her business and live a fulfilled life by getting to know more about the Creator. She presently resides in GMA, Cavite.
Cherry's main business is rug making, using scraps of cloth. Her working space is an extension of her house. She has been making rugs for ten years and is able to earn PHP 10,000 every month.
Cherry is requesting a loan of PHP 50,000 to help develop her business. She will use this loan to buy cloth scraps in bulk, thereby freeing her to focus on the craft of rug making itself. Cherry also mentions being able to purchase other daily needs with this loan.
Purchasing cloth scraps with a small budget is really difficult and selling the rugs also requires extra effort at times. But Cherry is determined to make her business grow and eventually stabilize. She channels most of her energy and time on her business because she believes that, through this business, she can attain a life that is worth living.
*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 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.