Funded

Total loan: $500
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Marlito

Philippines
Silang, Cavite, Philippines / Entertainment

A loan of $500 helped to pay for the maintenance of his video/karaoke machine and to buy another one.


Marlito's story

This is Marlito, 56, resident of Intramuros, Philippines. He is a widower and father to his children. He and his children manage their household while operating a business. He is working hard to provide income for their everyday living.

Marlito operates a video/karaoke shop. He provides a place in his house to be used by customers who want to rent the video/karaoke machine. Customers can also rent the karaoke machine and bring it to their house for a higher rental fee. He also has a food stall. His regular customers are his neighbors and the local community. He earns a minimum of 500 Philippine pesos (PHP) in sales every day.

To help him continue operations of his business, Marlito is requesting a 20,000 PHP loan. He will be using the loan for the maintenance of his video/karaoke machine. He expects a boost in his business income as he expands his business.

Marlito hopes that his children will finish their studies and dreams of expanding his business and having more businesses. He meets up with his co-fellowship* members to share stories of his life and work every week. This is where he can also draw strength and inspiration from the fellowship and from the Word of God he 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 microfinance loans.



Loan details

Loan length:

6 months
Disbursed date: January 17, 2013
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: January 17, 2013
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International