Ma. Edna is 46 years old and lives in Caloocan, the Philippines. She is married, the mother of several children and works hard to pay for her family's everyday expenses. She earns a living by running a variety (or sari-sari) store where she sells groceries, toiletries and beverages piecemeal to people who live in her neighborhood. She buys from wholesalers, sells on a retail basis and brings in about PHP 600 in sales every day. She is requesting a loan for PHP 10,000 to buy more items to sell to her customers. She expects a boost in her income as she expands her business. Her goal is to expand her store so that she can give her children a good, high-quality education. She faithfully meets up with her co-fellowship* members to share stories of her work every week and draw strength and inspiration from her religion.
*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 who gather weekly to study religion, build social capital, and repay 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.