Funded

Total loan: $625
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Florence


A loan of $625 helped to pay for raw ingredients like rice, pork, chicken and vegetables, and other products needed in her business.


Florence's story

Florence is 50 and lives in Malibay, Pasay City, Philippines. She operates a food stall. Her regular customers are her neighbours and the local community. In the Philippines, the whole working community and most families only eat home-cooked meals in the evenings when all of the family members are at home to eat. This is not only a case of tradition but a matter of convenience and frugal living. It is considered a waste of money and time to use cooking gas and food for just one or two people when buying cooked dishes costs less than raw food.

Florence has decided to remain single and she manages her own house while operating her business. At this time, she is working hard to continually provide income for her everyday expenses. She earns a minimum of 500 Philippine pesos (PHP) in sales every day.

To help her continue running her business, Florence is requesting a 25,000 PHP loan. She will be using the loan to buy more raw ingredients like meats, rice, vegetables, condiments and seasonings. She expects a boost in her business income as she expands her business.

Florence dreams of helping her loved ones and other people. She hopes to be stronger in facing challenges in life. She 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 organised 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:

8 months
Disbursed date: February 25, 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 25, 2013
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International