Norma is a resident of Tondo, Manila, Philippines. She is 42 years old. She is happily married to Silverio and God has blessed them with loving children. Life, indeed, is hard. But by the grace of God, they were able to raise their children well and they are helping each other in working for their family.
Norma owns a variety store. This is a small store that can be owned by anyone in the community and the store is just connected to or just inside their houses. This is where you can buy a sachet of shampoo or conditioner, a bar of soap, a PHP 5-worth of cooking oil, or an egg and other items. Norma gets her products from a wholesaler at a lower price then she will sell the products, per piece, for a higher price to create a profit. Her regular customers are her neighbors, passerbys, and the people in the community. She earns PHP 300 per day.
To be able to expand her inventory, Norma is requesting a PHP 10,000 loan. She will use the loan to buy groceries, toiletries, and beverages to expand her product inventory. This loan will be a great help to her in adding more products to her store.
Norma dreams that her business will continue to grow and she hopes that her children will finish their studies. Every week, she meets up with her co-fellowship* members to share stories of her life and business and to draw strength and inspiration from the fellowship and the Word of God she studies.
All Center for Community Transformation Credit Cooperative (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.