Necia is a 45-year old micro-entrepreneur, who is a resident of Intramuros, Manila, Philippines. She is married to Dominador, her business partner, and they have children. She and her husband manage their household while operating the business. At this time, she is working hard to continually provide income for their everyday expenses.
Necia operates a business selling bridal gowns. What she basically does is buy bridal gown products from her suppliers and sell them per item at a profit. Her products are bridal gowns and dresses. Her regular customers are people in the local community. She earns a minimum of 3,000 Philippine pesos (PHP) in sales every week.
To help her continue operations of her business, she is requesting a 50,000 PHP loan. She will be using the loan to buy more bridal gowns and dresses to expand her product inventory.
Necia dreams of having other stalls in different locations and hopes to give her children a good life and education. She meets up with her co-fellowship members* to share stories of her work every week and draw strength and inspiration from the Word of God she studies.
* All Center for Community Transformation Credit Cooperative (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.
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.