This is Nilda. She is 47 years old and a resident of Palawan, Philippines. She is single and manages her own household while operating the business. At this time, she is working hard to continually provide income for her everyday expenses.
Nilda operates a variety store with the help of a single employee. 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 in order to buy one sachet of shampoo, PHP 5 worth cooking oil or an egg. She earns by getting supplies at wholesale prices and selling by the piece. Rice and fuel are among the item she carries; these being basic necessities.
She is also a dealer of sawali, a native housing material made out of buho, a species of bamboo indigenous in the Philippines. The bamboo is split, the skin is separated from the body and dried in the sun. Then it is woven to make the sawali, a cheap but durable material for walls and partitions. Located along the national highway, Nilda’s store gets a portion of its sales from commuters and passersby, but the mainstay of her business are the residents of the surrounding rural areas. She earns a minimum of 1000 Philippine Pesos (PHP) in sales every day.
Nilda needs an additional PHP 15,000 for her business. The loan will be used to purchase additional products for her store. A portion of her loan is also used to finance the sawali makers from whom she gets her supply. It will allow her to continue and expand her operations.
As with all businesspersons, Nilda dreams of expanding and succeeding in her chosen business. Having no family of her own she vows to use the fruits of her enterprise to help others and to save for the future. She also aspires to know Jesus Christ more deeply. She relies on the guidance of her C.C.T. fellowship group in her walk with Christ.
*All C.C.T. 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 group gather each week to study the Word of God, build social capital and repay 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.