Funded

Total loan: $500
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Carmelita

Philippines
Bacoor, Cavite, Philippines / General Store

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


Carmelita's story

This is Carmelita, She previously accessed an 11,000 Philippine Peso (PHP) loan that she used to purchase more quantities and varieties of grocery items and products needed in her business. Her earnings were a big help for her children's education, in their personal, household and business expenditures.

She would like to apply for another 20,000 PHP loan for her to buy groceries, toiletries, beverages and other products to add to her inventory. The more items displayed at the store the better. More items to sell will result in better profit. Her profits from the business will definitely help to sustain her family's daily needs and her children's education expenses. She looks forward to this financial increase with gladness and thankfulness in her heart.

Carmelita hopes to expand soon, just as she dreams to be able to give her family a good future 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 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 repay microfinance loans.



Loan details

Loan length:

8 months
Disbursed date: October 16, 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: October 16, 2012
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International