Ma. Luisa L., 48, is making sure that her family has adequate provision for their daily needs. She is married to Bernardino L., a civilian guard, and they are blessed with six children. She makes sure that she helps her husband earn so that their family can have a better life.
Luisa manages her own variety store where she also sells commodities. She also rents out a few apartment rooms.
Luisa has been a regular member of Center for Community Transformation (CCT) for more than a year now. She regularly attends its weekly fellowship meetings* and pays her weekly dues consistently. Because of her good repayment performance with her previous loans, she was able to borrow twelve times from CCT’s cooperative. She is consistent in paying her dues because she used the money she borrowed to expand and improve her businesses.
To ensure the success of her business, Luisa would like to apply for a PHP 45,000 loan. This amount will be used as a source of added capital for her expanding business by buying sacks of rice to be incorporated into her current product inventory.
Luisa dreams that her business will continue to grow so that she can finally have her own stall for her business. She hopes to buy her own business space where she can maximize her income from all her businesses.
* All CCT community partners / clients are organized into fellowship groups that meet on a weekly basis. A fellowship group is composed of fifteen to thirty community partners. The fellowship groups gather each week to study the Word of God, build social capital, and repay micro-finance loans.
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.