This is Leticia, 59, a resident of Cabrera, Pasay, Philippines. She has children and manages her own household while operating the business. At this time, she is working hard to continually provide income for the family's everyday expenses.
Leticia operates a bakery. Breads and spreads are staples in the usual Filipino cuisine and are used mostly for breakfast and snacks. The most popular type of bread is the Pandesal, a Filipino version of the Spanish Pan de Sal or salted bread. It is baked during the wee hours of the morning and sold steaming hot to early commuters, students and workers. Her store is located adjacent to her house. Her regular customers are her neighbors and the local community. She earns a minimum of 500 Philippine pesos (PHP) in sales every day.
To help her continue operation of her business, she is requesting a PHP 50,000 loan. She will use the loan to buy raw supplies like flour, sugar, and butter, which she needs to continue production and expand her product inventory.
Leticia dreams to find a better stall for her bakery and hopes to become rich. She meets up with her co-fellowship* members to share stories of her work every week and also draws 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 repay Micro Finance loans.
About the Center for Community Transformation
The Center for Community Transformation (CCT) is dedicated to the development of communities and lives via spiritual transformation and access to financial services. CCT offers loan products to address the needs of micro-entrepreneurs in the Philippines. The organization’s loan products include small business, education, and housing loans. CCT utilizes a community-based approach to provide a variety of non-financial services that include training and development programs, clinics, disaster relief operations, a low-cost medicine program, and social service programs. CCT offers a unique “Pavement Dweller” program designed to provide food, housing, and job training. CCT also provides education support services to the poorest groups in the Philippines. Find more information about CCT on their website or join their lending team.