Funded

Total loan: $300
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Socorro

Philippines
Pasay City, Philippines / Clothing Sales

A loan of $300 helped to buy more varieties clothes designs to sell.


Socorro's story

This is Socorro L.. She is 40 years old and is a resident of Pasay City, Philippines. She is married to Abraham L. and is the mother of a college-aged child and four other children. At this time, she is working hard to be able to continue supporting her children all the way through college. This is a dream for most Filipino parents like Socorro, as she herself has been a college undergraduate and believes that a college diploma is the best inheritance parents can leave to their children.

Socorro operates a ready-to-wear clothing business. She mainly offers new clothing designs like casual wear and tropical wear. Seasonal demands for clothing like uniforms and such are available all year round. Her regular customers are her neighbors and people in the local community. She earns a minimum of Php 200 in sales every day.

To help her continue the operations of her business, Socorro is requesting a Php 12,000 loan. She will be utilizing the loan to buy more varieties of clothes designs to sell. She expects a boost in her business income as she expands her business. Socorro dreams to be able to give all her children a good and high quality education through all her hard work on her business. She also hopes that her business will continue to grow and be successful. 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 Micro Finance loans.



Loan details

Loan length:

8 months
Disbursed date: January 21, 2011
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: January 21, 2011
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International