Funded

Total loan: $1,225
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Charlene

Philippines
Intramuros, Manila City, Philippines / Home Products Sales

A loan of $1,225 helped to pay for additional stocks of merchandise needed in her business.


Charlene's story

This is Charlene, 31, a resident of Manila, Philippines. She is married to Jobert and is a mother to her children. She manages her household while operating the business. At this time, she is working hard to continually provide income for their everyday expenses.

Charlene operates a buy and sell business. What she basically does is buy general merchandise from wholesalers and sells them with a little profit. Her products are pillow cases, bedding and other products of the like. Customers are attracted to buy due to the low selling prices and the many options she offers. Her regular customers are her neighbors and the local community. She earns a minimum of 300 Philippine Pesos (PHP) in sales every day.

To help her continue operations of her business, Charlene is requesting a 50,000 PHP loan. She will be utilizing the loan to buy RTW products and merchandise items to expand her product inventory. She expects a boost in her business income as she expands her business.

Charlene hopes to be able to expand her business and dreams to give her children a good and quality education. 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 repay Micro Finance loans.



Loan details

Loan length:

6 months
Disbursed date: October 18, 2012
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International

Lenders and lending teams



Loan details

Loan length:

6 months
Disbursed date: October 18, 2012
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International