Funded

Total loan: $1,050
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Mylene


A loan of $1,050 helped To pay for raw ingredients like rice, pork, chicken and vegetables needed in her business.


Mylene's story

This is Mylene, 36, a resident of Caloocan 5, Philippines. She is married to Leo, an employee. She, together with her husband, manages their household while operating the business. At this time, she is working hard to continually provide income for her everyday expenses.

Mylene operates a food stall. In the Philippines, the whole working community and most of the families, only eat home-cooked meals during evenings when all of the family members are at home to take part in the meal. This is not only a usual family tradition but also a matter of convenience and frugal living. It is considered a waste of money and time to spend cooking gas and food for one to two persons when buying cooked rice and viands cost less than raw food. She also has a direct selling business and a laundry shop. Her regular customers are her neighbors and the local community. She earns a minimum of PHP 500 in sales every day.

To help her continue operations of her business, she is requesting a PHP 45,000 loan. She will be using the loan to buy more quantities of products like meats, rice, vegetables, condiments, seasonings, and frozen food products.

Mylene hopes to expand her business and dreams of having a good life. She meets up with her co-fellowship members to share stories of her work every week and 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 pay Micro Finance loans.



Loan details

Loan length:

8 months
Disbursed date: May 30, 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: May 30, 2013
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International