Funded

Total loan: $500
Powered by 16 lenders

Milona

Philippines
Silang, Cavite, Philippines / Personal Products Sales

A loan of $500 helped to pay for merchandise items and products needed in her business.


Milona's story

This is Milona, 42, a resident of Bacoor, Cavite City, Philippines. Her husband is Noel, an engineer, and a father to her children. She, together with her husband, manages their household while operating the business. At this time, she is working hard to continually provide income for their everyday expenses.

Milona maintains a direct selling business. She sells clothing, footwear, undergarments, cosmetics and other products through the popular direct selling brands like Avon, Fuller Life, Natasha, Boardwalk, Marikina Shoe Exchange, and other direct selling brands. A customer’s order is bought in cash by the dealer and then given to the customer with a one-month-to-pay credit. Dealer’s prices are lower than those in the catalogue, and these are the profits that dealers are investing in as their income. Her regular customers are her neighbors and the local community. She earns a minimum of 2,000 Philippine Pesos (PHP) in sales every week.

To help her continue operations of her business, she is requesting a PHP 21,000 loan. She will be using the loan to buy merchandise items and orders for her customers. She expects a boost in her business income as she expands her business.

Milona dreams of expanding her business and helping her children finish their studies through all her hard work on her business. She faithfully meets up with her co-fellowship members to share stories of her work every week and where she can also draw strength and inspiration from the Word of God she studies.

* 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.



Loan details

Loan length:

8 months
Disbursed date: February 29, 2012
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: February 29, 2012
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International