Funded

Total loan: $1,150
Powered by 20 lenders

A loan of $1,150 helped to pay for grocery items, toiletries and beverages needed for her business.


Magdalena's story

This is Magdalena, 63, resident of Batasan (Commonwealth), Quezon City, Philippines. She is married to Pacifico and they have children. They both manage their household and they help each other in generating income for their family.

Magdalena operates a variety store. In the Philippines, a variety store is a retail store that sells inexpensive items, often with a single price for all items in the store. It is the place to go to buy one sachet of shampoo, a 5PHP-worth of cooking oil, or an egg. She earns by getting supplies at wholesale prices and selling by the piece. Her regular customers are her neighbors and the local community. She earns a minimum of PHP 500 in sales every day.

She is requesting a PHP 50,000 loan to help her continue in the operation of her business. She will use the loan to buy groceries, toiletries and beverages to expand her product inventory.

Magdalena dreams that her business will continue longer and hopes to have a good life. She meets up with her co-fellowship* members to share stories of her life and business every week and where she can also draw strength and inspiration from the fellowship and 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 repay microfinance loans.



Loan details

Loan length:

8 months
Disbursed date: July 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:

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