Funded

Total loan: $1,125
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Teresita

Philippines
GMA, Cavite, Philippines / General Store

A loan of $1,125 helped to buy products for the inventories of her several businesses.


Teresita's story

This is Teresita. Her previous loan was a big help in her business, as she was able to buy the needed products (e.g., clothing and cosmetics) for her direct selling business. In addition to that business, she also has a variety store. She sells slippers for additional income. She is already a widow, and she works hard to provide for her everyday needs.

She would like to apply for another loan, this time in the amount of 50,000 PHP. She will use most of it to buy groceries, toiletries, beverages and other products, to add to her current inventory at the store. The more items displayed at the store, the better. More items to sell will result in better profit. She will use another part of the loan money to buy products for her direct selling business, and slippers to sell. Her profits from business will definitely help her to support herself. She looks forward to this financial increase with gladness and thankfulness in her heart.

Teresita dreams of expanding her business and having more stalls. She hopes for strength and good health to continue working. She meets up with her co-fellowship members* every week, to share stories of her work and 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 microfinance loans.



Loan details

Loan length:

8 months
Disbursed date: July 31, 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 31, 2013
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International