This is Milagros. She is 51-years-old and currently resides with her husband, Norberto, in Manila, Philippines. She has been operating her own “sari-sari” (variety) store for more than two years, and she profits well from this. Having a bigger responsibility requires more effort to provide for her family's needs, especially for her children. She and her partner had to work hard, determined to have a better income, to provide their children with a better education.
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 to buy one sachet of shampoo, a PHP 5-worth of cooking oil, or an egg. She earns by getting supplies at wholesale prices and selling by the piece. Her regular customers are her neighbors and the local community. She earns a minimum of PHP 500 in sales every day.
To improve sales, Milagros would like to apply for a loan to purchase additional grocery goods to sell. At an amount of 12,000 PHP (Philippine Pesos), she could already purchase larger quantities and more varieties of grocery items, toiletries and beverages needed in her business. She sincerely lets you know her heartfelt thanks and appreciation for this assistance in advance.
In the future, Milagros hopes to succeed in all that she is pursuing and dreams of a better life for her family. She meets up with her co-fellowship* members every week to share stories of her life and business and to draw strength and inspiration from the fellowship and the Word of God, which she studies.
*All CCT (Center for Community Transformation Credit Cooperative) 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.