Funded

Total loan: $250
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Carolina

Philippines
Silang, Cavite, Philippines / Motorcycle Transport

A loan of $250 helped to pay for spare parts and accessories for her motorized tricycle, and for maintenance.


Carolina's story

This is Carolina, 47, a resident of Silang, Cavite Province, in the Philippines. She is married to Antonio, a driver, and a mother to their children. She and her husband manage their own household. At this time, she is working hard to continually provide income for their everyday expenses. Carolina owns and oversees the operations of their motorized tricycle transportation business. They have one tricycle unit that will carry up to four passengers to their destinations within the community. The tricycle driver then remits a boundary (daily quota) to her every day. In her business, the regular customers are from the local community. She earns a minimum of PHP 500 every day. To help her continue the operations of her business, she is applying for a PHP 10,000 loan. She will be using the loan to buy spare parts and accessories, and also for the maintenance of their tricycle. She expects a boost in her business income as she expands her business. Carolina hopes that her business will continue to grow, and she dreams of a better life. She meets with her co-fellowship* members to share stories of her life and business every week, where she can also draw strength and inspiration from the Word of God she 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 Micro Finance loans.



Loan details

Loan length:

6 months
Disbursed date: April 29, 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: April 29, 2013
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International