A loan of $475 helped to pay for new stock of products he sells in his business.

Renato's story

This is Renato, 40, a resident of Caloocan City, Philippines. He is married to Rosa, a housewife, and is the father of four children. Three of them are studying, while the youngest is still a baby. At this time, he is working hard to send his children to school. Renato himself has been a college undergraduate, and believes that a college diploma is the best inheritance parents cam leave to their children.

Renato operates a newspaper stand. In his business, he not only sells newspapers but candies as well, and has pocketbooks(paperback novels) for rent. He buys newspapers from the suppliers and sells them on the sidewalk. To make the newspaper stand a little different from the others, he buys pocketbooks to have them rented or traded. His regular customers are his neighbors and the local community. He earns a minimum of Php267 in sales every day.

To help him continue the operation of his business, he is requesting a Php 20,000 loan. He will be utilizing the loan to pay for newspaper delivery, new pocketbooks and other products that he can sell in his cart. He expects a boost in his business income as he expands his business.

Renato dreams of being able to give all his children a good, high quality education through all his hard work on his business. He faithfully meets up with his co-fellowship members to share stories of his 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.

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