Total loan: $325
Intramuros, Manila City, NCR, Philippines / Services
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A loan helped To pay for recyclable materials needed in her business.
This is Peter, 54, a resident of Manila, Philippines. He is single. He manages his household while operating the business. At this time, he is working hard to continually provide income for his everyday expenses. Peter operates a junk shop. Trash is not actively segregated in the Philippines and, while waiting for their local dump trucks, people scavenge garbage dumps and trash bags for recyclable materials like metal, copper, plastic, paper and other materials. They sell these to junk shops for a little profit. Junk shops then stack, clean, and gather huge quantities of these materials and sell them back to foundries like factories and others of the like. His regular customers are his neighbors and the local community. He earns a minimum of 1,000 Philippine Pesos (PHP) in sales every day. To help him continue operations of his business, he is requesting a PHP 13,000 loan. He will be incorporating the loan into his current revolving fund used to buy trash from collectors. He expects a boost in his business income as he expands his business. Peter hopes to be able to expand soon, just as he fervently hopes that his adopted children will be able to have a good future through all his hard work in his business. He faithfully meets up with his co-fellowship* members to share stories of his work every week and draw strength and inspiration from the Word of God he studies. * 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.