This is Cherryl Sta. A., 29, a resident of San Nicolas III, Bacoor, Cavite City, Philippines. She is married to Sanly Sta. A., a waiter, and is the mother of three children. Two of her children are in elementary school, while the other one is not yet of school age. At this time, she is working hard to be able to send her children all the way through college. This is a dream for most Filipino parents like Cherryl, as she herself has been a high school graduate and believes that a college diploma is the best inheritance parents can leave to their children.
Cherryl operates a variety store. In the Philippines, a variety store is basically a small convenience store that sells groceries, toiletries, and beverages piecemeal to the local neighborhood. It is the place to go to buy one sachet of shampoo, five pesos 'worth of cooking oil or an egg. Her store is located adjacent to her house. Her regular customers are her neighbors and the local community. She makes a profit by getting supplies at wholesale prices and selling them at retail piece rates. She earns a minimum of 200 Philippine pesos (PHP) in sales every day.
To help her continue operation of her variety store, she is requesting a 16,000 PHP loan. She plans to use this loan to buy more products like groceries, toiletries, and beverages so as to expand her product inventory. She expects a boost in her business income as she expands her business.
Cherryl dreams of being able to give all of her children a good and high-quality education through all of her hard work in her business. She also prays that her business will become bigger and that she eventually will own a convenience store. As a CCT community partner, she faithfully attends the group's weekly fellowship meeting* where she can also draw strength and inspiration from the Word of God she studies.
*All CCT community members are organized into fellowship groups composed of 15 to 30 community partners that meet on a weekly basis. The fellowship groups gather 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.