This is Elizabeth C., 50, who lives and does business in Parola, Binondo, Manila. She lives with her husband, Dionisio, an electrician helper, and their only child amongst the poor families in this shanty town.
Elizabeth has a food stall in a nearby market selling vegetables, spices and seasonings. Her child helps her wait on buying customers. She earns 20,000 PHP a month, which she saves to be able to buy a cargo vehicle she can use to purchase her items from the vegetable depot.
She joined the Center for Community Transformation (CCT) Credit Cooperative in 2005. Elizabeth is now on her 16th loan cycle. She is requesting a new loan from the cooperative in the amount of 29,000 PHP as additional capital. With this new additional capital, she can purchase more assorted vegetables for her business.
She hopes to acquire another food stall in a neighboring market.
The Center for Community Transformation (CCT) is an organized Christian response against poverty and social injustice. This is carried out through the fusion of social development initiatives and evangelical mission in a uniquely Filipino context. It serves urban and rural poor communities throughout the Philippines, in pursuit of its desire to see changed lives, strong families, and transformed communities centered in the Lordship of Jesus Christ.
CCT is a member of the Five Talents family.
About the Center for Community Transformation
The Center for Community Transformation (CCT) is dedicated to the development of communities and lives via spiritual transformation and access to financial services. CCT offers loan products to address the needs of micro-entrepreneurs in the Philippines. The organization’s loan products include small business, education, and housing loans. CCT utilizes a community-based approach to provide a variety of non-financial services that include training and development programs, clinics, disaster relief operations, a low-cost medicine program, and social service programs. CCT offers a unique “Pavement Dweller” program designed to provide food, housing, and job training. CCT also provides education support services to the poorest groups in the Philippines. Find more information about CCT on their website or join their lending team.