Funded

Total loan: $500
Powered by 13 lenders

Lolito

Philippines
Bacoor, Cavite, Philippines / General Store

A loan of $500 helped to purchase grocery items, toiletries, and beverages.


Lolito's story

Lolito previously had a loan for 18,000 PHP, which he used to purchase more quantities and varieties of grocery items, toiletries, and beverages needed in his business. His earnings helped with his personal, household, and business expenditures. To earn additional income, Lolito also repacks different condiments and sells them around the community using his bicycle.

Lolito is requesting another loan 20,000 PHP loan, which he will use loan to buy groceries, toiletries, beverages, and other products to add in his inventory. The more items displayed at the store the better, resulting in increased profits. His profits from his business will help him to sustain his family's daily needs.

Lolito hopes to have his own house and dreams to expand his business. He faithfully meets up with his co-fellowship* members to share stories of his 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 God, build social capital, and repay microfinance loans.



Loan details

Loan length:

8 months
Disbursed date: January 16, 2013
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: January 16, 2013
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International