Funded

Total loan: $375
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Lourdes

Philippines
Intramuros, Manila City, Philippines / Food Production/Sales

A loan of $375 helped to pay for more ingredients for the meals she prepares and sells, including meats, rice and vegetables.


Lourdes's story

This is Lourdes, age 50, a resident of Manila, Philippines. Together with her children she manages their household, while operating her business. She is working hard to continually provide income for their everyday expenses.

Lourdes operates a food stall. In the Philippines, the whole working community and most of the families only eat home-cooked meals during the evenings, when all of the family members are at home to take part in the meal. This is not only a usual family tradition but a matter of convenience and frugal living. It is considered a waste of money and time to spend cooking gas and food for one to two persons, when buying cooked rice and viands costs less than raw food. She also sells RTW (ready-to-wear clothing), for additional income. 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 prepared food business, she is requesting a 15,000 PHP loan. She will use the loan to buy more ingredients for meals, like meats, rice, vegetables, condiments and seasonings, and other products needed in her business. She expects a boost in her business income as she expands her business.

Lourdes hopes to grow her business and dreams that her children will have a good future, by the grace of God. She faithfully meets with her co-fellowship members* every week, to share stories of her work and to 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 pay Micro Finance loans.



Loan details

Loan length:

8 months
Disbursed date: October 29, 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 29, 2012
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International