This is Ernesto, 47, a resident of Bacoor, Cavite, Philippines. He is married to Josephine and is a father to their children. He helps his wife in managing their household as they both work to provide income for their everyday needs.
Ernesto maintains a tricycle business. He owns and drives one unit of tricycle (a motorcycle with sidecar) that carries up to four passengers to their destination within the community. He starts working early in the morning until late in the evening. There are times when he drives late evening until the wee hours in order to have a bigger profit. His regular customers are his neighbors and the local community. They have four units of tricycles. The three other tricycles are being used by other tricycle drivers who then remit their daily quota to him. He earns a minimum of 1,200 PHP (Philippines pesos) in his transportation business every day.
To help him continue operations of his business, he is requesting an amount of 20,000 PHP for his loan. He will be utilizing the loan to buy motorcycle parts for the maintenance of his four tricycle units. He has to maintain the units in good condition in order to have a regular income for the daily needs of his family.
Ernesto dreams that he will have more tricycles and hopes to give his children a good life and education. He meets up with his co-fellowship* members to share stories of his life and business every week, and this is where he can also draw strength and inspiration 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 repay microfinance loans.
About the Center for Community Transformation
The Center for Community Transformation (CCT) is dedicated to the development of communities and lives via spiritual transformation and access to financial services. CCT offers loan products to address the needs of micro-entrepreneurs in the Philippines. The organization’s loan products include small business, education, and housing loans. CCT utilizes a community-based approach to provide a variety of non-financial services that include training and development programs, clinics, disaster relief operations, a low-cost medicine program, and social service programs. CCT offers a unique “Pavement Dweller” program designed to provide food, housing, and job training. CCT also provides education support services to the poorest groups in the Philippines. Find more information about CCT on their website or join their lending team.