Total loan: $275
Caloocan City, NCR, Philippines / Food
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A loan helped To buy raw ingredients needed to continue producing her rice cakes.
Eufemia C., 52, is making sure that her family has enough provisions to meet their daily needs. To this end, she has been managing her own sticky rice cake business for quite some time now. Eufemia has been a regular member of Center for Community Transformation* (CCT) for more than a year. She regularly attends their weekly fellowship meetings and pays her weekly dues consistently. Because of her good repayment performance with her previous loans, she was able to borrow quite a few times in CCT’s Cooperative. She is consistent in paying her dues because she used the money she borrowed to expand and improve her rice cake business. To ensure the success of her business, Eufemia would like to apply for a PHP 12,000 loan. This amount will be used as a source of added capital for her expanding business and to buy raw ingredients needed to continue producing her rice cakes. She will be buying sticky rice, sugar, coconut milk and other needed ingredients. She dreams that her business will continue to grow so that she can renovate her house and hopes to have more patrons who will continue to buy 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.