Someone said that a person's success is not only measured by what he or she does in this lifetime, but by what that person imparts to the next generation. This is the reason that Yolanda G., 54, does well to improve her farm business--not just for herself but for her children as well. Yolanda's husband died a few years ago and, at present, she strives to raise their two children who are both in school. They currently reside in Silang, Cavite, south of the country capital, Manila.
Yolanda takes care of her own farm where she grows pineapples and bananas. When ripe, she sells these fruits to the community market and earns quite a lot. Also, she grows peanuts and sells them to business connections. This kind of business works as a lot of Filipinos love to eat steamed peanuts, fried peanuts and even peanuts turned into peanut butter. She also has a sari-sari (variety) store to cover whatever family needs remain. Yolanda earns around Php10,000 net income monthly.
To help her improve her peanut business, she decided to borrow Php30,000. She will use this loan in line with applying the entrepreneurial training she receives in CCT*. She will purchase necessary materials and acquire human resources to boost her peanut dealership. She says that the loan will largely support her business capital and enable her to make it grow.
At present, her difficulty is a low volume of product deliveries resulting is a low rate of sales. Nevertheless, Yolanda never gives up hope of making this business grow and continually strategizes for growth, because she knows this business will not only sustain her and her family now, but will be beneficial for her children in the future. She wants her eldest son to have a successful marriage someday. 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 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 micro finance 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.