Total loan: $475
Pontevedra, Capiz, Western Visayas, Philippines / Retail
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A loan helped To pay for grocery items, toiletries and beverages needed in her business.
Veronica is a 51-year-old micro entrepreneur who resides in Pontevedra, Capiz, Philippines. She is married to Roberto, who has a vulcanizing shop. She, together with her husband, manages their household while operating the business. At this time, she is working hard to continually provide income for their everyday expenses. Veronica operates a variety store. In the Philippines, a variety store is basically a small convenience store that retails groceries, toiletries and beverages piecemeal to the local neighborhood. It is the place to go to buy one sachet of shampoo, a PHP 5-worth of cooking oil, or an egg. She earns by getting supplies at wholesale prices and selling by the piece. Her store is located adjacent to her house. Her regular customers are her neighbors and the local community. She earns a minimum of PHP 500 in sales every day. To help her continue operations of her business, she is requesting a PHP 20,000 loan. She will be using the loan to buy groceries, toiletries and beverages to expand her product inventory. Veronica dreams that her business will grow bigger and hopes that her children will finish their education. She meets up with her co-fellowship* members to share stories of her work every week and where she can also draw strength and inspiration from the word of God she 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 repay microfinance loans.