A loan of $500 helped to buy live pigs, milkfish in bulk and ingredients for processing.

Lorence's story

This is Lorence L., 47, a resident of Caloocan City, Philippines. She is married to Ireneo L., an auto electrician, and is the mother of an elementary-aged child. By the grace of God, Lorence has managed to support her child's schooling. At this time, she is working hard to be able to send her child all the way through college. This is the dream of most Filipino parents like Lorence, who herself has been a college undergraduate and believes that a college diploma is the best inheritance parents could leave to their children.

Lorence operates a meat shop where she also sells native milkfish delicacies such as boneless ones, meat-filled ones, and other products of the like. For her meat shop, she buys live pigs from hog-raisers. The pigs are then slaughtered and sold to the immediate community. She has many customers who buy the cut meat and then sell it on their respective market stalls. There are many customers who prefer Lorence’s products since they are assured of their freshness and cleanliness. It is also a little cheaper to buy meat from an independent meat shop than the ones in the market that sometimes use the services of professional slaughterhouses for their meat. The cost of slaughter is added to the final price of the cut meat, and passed along to the customers. Thus, Lorence has many customers who regularly anticipate her meat and processed milkfish. Her regular customers are her neighbors and local community members. She earns a minimum of 600 PHP in sales every day.

To help her continue to operate her business, Lorence is requesting a loan of 22,000 PHP. She will use the loan to buy live pigs to be slaughtered and sold every day. She expects a boost in her business income as she expands her business. Lorence dreams of being able to give her child a good, high quality education through all her hard work in her business. She also hopes to have her own market stall someday. 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 microfinance loans.

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