Total loan: $325
Pasay City, NCR, Philippines / Services
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A loan helped To buying raw materials and supplies needed for rug-making.
Nelia C., already widowed at 56, is making sure that her family has enough provisions for their daily needs. She makes sure that she earns well so that her four children can have a better life. To that end, Nelia has been managing her own rug-making business for quite some time now. Nelia 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 her previous loans, she has been able to borrow quite a few times in CCT’s Cooperative. She is consistent in paying her dues because she used her previous loan money to expand and improve her rug-making business. To ensure the success of her business, she would like to apply for a PHP 15,000 loan. This amount will be used as a source of additional capital to buy raw materials and supplies needed for her business. She dreams that her business will continue to grow. Nelia wants to be able to buy her own place where she can run her business and sell her products. * 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.