This is Yolanda, 54, a resident of Malibay, Pasay, Philippines. She is married to Pedro and is a mother. She, together with her husband, manages their household while operating her business. At this time, she is working hard to continually provide income for their everyday expenses.
Yolanda operates a variety store. In the Philippines, a variety store is basically a small convenience store that sells groceries, toiletries, and beverages piecemeal to the local neighborhood. It is the place to go to buy one sachet of shampoo, a small amount of cooking oil, or an egg. She earns a profit by getting supplies at wholesale prices and reselling by the piece. Her store is located adjacent to her house. Her regular customers are her neighbors and the local community. She earns a minimum of PHP 500 in sales every day.
To help her continue operations of her business, Yolanda is requesting a PHP 17,000 loan. She will use the loan to buy groceries, toiletries, and beverages to expand her product inventory. She expects a boost in her business income as she expands her business.
Yolanda dreams that her business will be stable and hopes that her children and grandchildren will have a better living. She meets with her co-fellowship* members every week to share stories of her life and business and to draw strength and inspiration from the Word of God, which 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 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.