Funded

Total loan: $450
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Nicanor

Philippines
Bacoor, Cavite, Philippines / General Store

A loan of $450 helped to pay for grocery items, toiletries and beverages needed in his business.


Nicanor's story

Nicanor previously accessed a 20,000 PHP loan that he utilized to purchase more quantities and varieties of grocery items, toiletries and beverages needed in his business. His earnings were a big help for the education of his child and in their personal, household and business expenditures.

He would like to apply for another 20,000 PHP loan. He will be utilizing the loan to buy groceries, toiletries, beverages and other products to add to his inventory. The more items displayed at the store, the better. More items to sell will result in better profit. His profits from his business will definitely help cover their daily needs and the educational expenses of his child. He looks forward to this financial increase with gladness and thankfulness in his heart.

Nicanor dreams that his business will be durable and that he will have other sources of income. He meets up with his co-fellowship* members to share stories of his life and business every week and draws 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 repay Micro Finance loans.



Loan details

Loan length:

6 months
Disbursed date: April 30, 2014
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: April 30, 2014
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International