This is Lida, age 49, who is a resident of Caloocan, Philippines. She is married to Jimmy, a warehouseman, and is a mother to her children. She and her husband manage their own household while operating a business. At this time, she is working hard to continually provide income for their everyday expenses.
Lida operates a variety store. In the Philippines, a variety store is basically a small convenience store that retails groceries, toiletries and beverages piecemeal to the local neighborhood. It is the place to go to buy one sachet of shampoo, a small amount of cooking oil or an egg. She earns money by buying supplies at wholesale prices and then selling them by the piece. Her regular customers are her neighbors and the local community members. She earns a minimum of PHP 500 in sales every day.
To help her continue operating her business, Lida is requesting a PHP 50,000 loan. She will be utilizing the loan to buy groceries, toiletries and beverages to expand her product inventory. She expects a boost in her income as she expands her business.
Lida hopes to grow her business and dreams of creating a good future for her family through all her hard work on her business. She faithfully meets 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 comprises 15 to 30 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.