Funded

Total loan: $1,450
Powered by 46 lenders

Mercy


A loan of $1,450 helped to pay for more equipment for their vulcanizing shop.


Mercy's story

This is Mercy, 48, resident of Bacoor, Cavite, Philippines. She is married to Noel, a businessman, and mother of three children, two of whom are already in college, while the youngest is still in high school. By the grace of God, Mercy has managed to support her older children's schooling up to college level. At this time, she is working hard to send her youngest to college. This is a dream for most poor Filipino parents like Mercy. She herself has been a college undergraduate and believes that a college diploma is the best inheritance parents can leave to their children.

Mercy operates a vulcanizing shop. To vulcanize is to harden rubber by combining it with sulfur or other substances in the presence of heat and pressure. This is usually done to punctured tires. Vulcanization gives rubber strength, resistance and elasticity. She also sells tires. They have a tire supply. Her regular customers are her neighbors and the local community. She earns a minimum of 350 Philippine pesos (PHP) in sales every day.

To help her continue operations of her business, she is requesting a 60,000 PHP loan. She will be using the loan to buy more equipment for their business and also for items used to maintain their equipment. She expects a boost in her business income as she expands her business.

Mercy dreams of being able to give her children a good and high quality education 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.

* 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:

14 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:

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