Funded

Total loan: $400
Powered by 15 lenders

Renan

Philippines
Silang, Cavite, Philippines / Recycled Materials

A loan of $400 helped to pay for more recycled materials needed in his business.


Renan's story

This is Renan, 36, resident of Silang, Cavite, Philippines. Single, he manages his household while operating the business. At this time, he is working hard to continually provide income for everyday expenses.

Renan operates a junk shop. Trash is not actively segregated in the Philippines, and while waiting for their local dump trucks, people scavenge garbage dumps and trash bags for recyclable materials like metal, copper, plastic, paper and other materials. They sell these to junk shops for a little profit. Junk shops then stack, clean, and gather huge quantities of these materials and sell them back to factories and others of the like. Renan's regular customers are his neighbors and the local community. He earns a minimum of 500 Philippine Pesos (PHP) in sales every day.

To help him continue operations of his business, he is requesting a Php 16,000 loan. He will be incorporating the loan into his current revolving fund used to buy trash from collectors. He expects a boost in his business income as he expands his business.

Renan hopes to be able to expand soon and dreams of being successful in life 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 and draw strength and inspiration from the Word of God he 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 repay Micro Finance loans.



Loan details

Loan length:

8 months
Disbursed date: September 24, 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: September 24, 2012
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International