Florencio is a 38-year-old resident of Bacoor, Cavite, Philippines. He is married to Mirriam, a housewife, and is a father to their children. He and his wife manage the household while operating the business. At this time, he is working hard to provide income for their everyday expenses.
Florencio is selling fish. He works with a dealer where he gets fish at a lower price. He will then sell it to the public for a little income. He has been selling fish for seven years now. His regular customers are his neighbors and the local community. He earns a minimum of 300 Philippine Pesos (PHP) in sales every day.
To help him continue the operation of his business, he is requesting a 15,000 PHP loan. He will be utilizing the loan to buy more fish. He expects a boost in his business income as he expands his business. Florencio hopes to be able to expand his business and to have his own stall. He dreams of being a millionaire. He faithfully meets up with his co-fellowship* members to share stories of his work every week and where he can also draw strength and inspiration from the Word of God he 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, to build social capital, and to 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.