Total loan: $775
GMA, Cavite, Calabarzon, Philippines / Retail
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A loan helped buying more quantities of products for each of her businesses.
Leonora C., 58, is making sure that her family has enough provisions for their daily needs. Widowed and blessed with five children, she is determined to earn a good income so that her family can have a better life. She is involved in three different types of businesses: her variety store (the main business), her direct selling business, and a buy-and-sell business. Leonora has been a regular member of Center for Community Transformation* (CCT) for more than a year now. She regularly attends their weekly fellowship meetings and pays her weekly dues consistently. Because of her good repayment performance with previous loans, she has been able to borrow seven times from CCT’s Cooperative. She is consistent in paying her dues because she uses the money she borrows to expand and improve her businesses. Now with your help, she would like to apply for a PHP 35,000 loan. This amount will be used as a source of added capital by buying more quantities of products for each of her three expanding businesses. She dreams that her businesses will continue to grow so that she can provide for her children’s education. * 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 pay microfinance loans.