Funded

Total loan: $425
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Carmen

Philippines
Silang, Cavite, Philippines / General Store

A loan of $425 helped to pay for grocery items and products needed in her business.


Carmen's story

This is Carmen, 56, a resident of Silang, Cavite, Philippines. She is married to Efren and a mother to her children. She, together with her husband, manages their household while operating the business. At this time, she is working hard to continually provide income for their everyday expenses.

Carmen operates a variety store. In the Philippines, a variety store is basically a small convenience store, which retails groceries, toiletries and beverages piecemeal to the local neighborhood. It is the place to go to buy one sachet of shampoo, a 5 PHP-worth of cooking oil, or an egg. She earns by getting supplies at wholesale prices and selling by the piece. Carmen also sells ice cream. Her regular customers are her neighbors and the local community. She earns a minimum of 500 PHP in sales every day.

To help her continue operations of her business, Carmen is requesting a 17,000 PHP loan. She will be utilizing the loan to buy groceries, toiletries and beverages to expand her product inventory. She expects a boost in her business income as she expands her business.

Carmen simply wants to have a good life. 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:

8 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:

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