Funded

Total loan: $1,250
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Lourdes

Philippines
Silang, Cavite, Philippines / Transportation

A loan of $1,250 helped to pay for spare parts and maintenance of their jeepney unit.


Lourdes's story

This is Lourdes, 50, a resident of Silang, Cavite, Philippines. She is married to Lauro, her business partner and a mother to her children. She and her husband are managing their household while operating the business. They are working hand in hand to provide income for their everyday expenses.

Lourdes owns and oversees operations of their jeepney (see footnote) transportation business. She has one unit (14-16 person capacity) jeepney, for which they are paid a boundary (daily quota) each day. Her regular customers are her neighbors and the local community. She earns a minimum of PHP 1,000 every day.

To help her continue operations of her business, she is requesting a PHP 50,000 loan. She will be utilizing the loan to buy spare parts and pay for the maintenance of her jeepney unit. She expects a boost in her business income as she expands her business.

Lourdes hopes to have more capital for her growing business and dreams of having a good and peaceful life. She meets up with her co-fellowship members to share stories of her life and business every week and draw strength and inspiration from the Word of God she studies.

-Curiously, Jeepneys have purely American origins. They were first used by American soldiers helping the Philippines throw off the invading Japanese. Filipino ingenuity, however, managed to see this vehicle as an opportunity to earn, and modified the Jeep into a 20-seater jeepney, open enough to provide adequate ventilation, sturdy for every day travel, and cheap enough to buy and maintain. Now, the jeepneys are one of the things that makes the Philippines truly Philippines.

* 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: February 20, 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: February 20, 2013
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International