Emily operates a variety store adjacent to her house. In the Philippines, a variety store is basically a small convenience store, which retails groceries, toiletries and beverages piecemeal to the local neighborhood. It is the place to go to buy one sachet of shampoo, five PHP’s worth of cooking oil, or an egg. Emily profits by getting supplies at wholesale prices and selling them by the piece. She also runs a tricycle unit (motorcycle with sidecar) and sells mineral water to the community. Her regular customers are her neighbors and those in the local community. She earns a minimum of 700 PHP in sales every day.
Emily is requesting a 21,000 PHP loan which she will use to buy groceries, various products and mineral water to expand her inventory. A portion of the loan will also be used for the maintenance of her tricycle unit. She expects a boost in her income as she expands her business.
Emily hopes to be able to grow her businesses soon, just as she hopes to hand them over to the next generation. She faithfully attends meetings with her co-fellowship* members every week where she shares stories of her work and draws strength and inspiration from the Word of God she studies.
* 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 repay microfinance loans.
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