Total loan: $675
Pasay City, NCR, Philippines / Retail
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A loan helped To buy more quantities of products like groceries, toiletries and beverages to expand her product inventory.
This is Magdalena N., 60, resident of Pasay City, Philippines. She is married to Pacifico N. and mother to three young hard working adults. By the grace of God, Magdalena has managed to support her children's schooling up to college level. At this time, she is working hard to continually provide income for their every day expenses. Magdalena operates a variety store. 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 for to buy one sachet of shampoo, a Php5-worth of cooking oil, or an egg. She earns by getting supplies at wholesale prices and sells at retail rates. Her store is located adjacent to her house. Her regular customers are her neighbors and the local community. She earns a minimum of Php250 in sales every day. To help her continue operation of her business, she is requesting a Php29,000 loan. She will be utilizing the loan to buy more quantities of products like groceries, toiletries, and beverages to expand her product inventory. She expects a boost in her business income as she expands her business. Magdalena dreams of being able to renovate her house soon, with all of her work with the business. She faithfully meets up with her co-fellowship* members to share stories of her work every week. * 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 Micro Finance loans.