Dolores has been operating her own variety store for years, and she earns well from this. She is from Cavite, Philippines, 35 years of age, and is married to Fernando. Having a bigger responsibility requires more effort to provide for their needs, especially for her children. She and her husband have to work hard for they are determined to have more income than they currently have.
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 Php5-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 Php500 in sales every day.
Due to financial insufficiency, Dolores wants to make her business more profitable in order to earn a higher income. For this reason, she would like a loan amounting to 11,000 PHP (Philippines pesos) to buy additional grocery items that are needed. Being a kind and friendly mother, she is hoping that she will further improve the business through this financial assistance.
Dolores hopes to grow and expand her business. She dreams of providing the best education for her children. 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 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.