Funded

Total loan: $1,175
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Clara


A loan of $1,175 helped to buy groceries, toiletries, and beverages.


Clara's story

This is Clara, 64, a resident of Batasan, Quezon City, Philippines. She has a child who stays with her and together they manage their household while operating a variety store. Clara works hard to continually provide income for her family's everyday expenses. In the Philippines, a variety store is a store that sells inexpensive items, often with a single price for all items in the store. It is the place to go to buy a sachet of shampoo, 5 PHP of cooking oil, or an egg. Clara buys supplies at wholesale prices and sells them retail. She also sells mineral water. Clara's regular customers are neighbors and local community members. She earns a minimum of 500 PHP in sales every day.

Clara is requesting a 50,000 PHP loan to buy groceries, toiletries, and beverages to continue her business and expand her product inventory. She dreams of being successful in her business and hopes to have a good life with the guidance of God. Clara meets up weekly with her co-fellowship* members to share stories of her life and business and also draw strength and inspiration from fellowship and studying the Word of God.

*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 who gather to study the Word of God, build social capital, and repay microfinance loans.



Loan details

Loan length:

6 months
Disbursed date: June 24, 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: June 24, 2013
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International