Funded

Total loan: $700
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Merla

Philippines
Silang, Cavite, Philippines / General Store

A loan of $700 helped to pay for grocery items, toiletries, and beverages to sell.


Merla's story

Merla has faithfully paid back her previous loan, which she used for her business. She has been operating her own “sari-sari” (variety) store for seven years and she earns well from this. Having a bigger family requires more effort to provide for their needs, especially for her four children. She has to work hard, with the determination of having better income, to provide their children with a better education.

To improve sales, Merla would like to apply for a new loan to purchase additional grocery goods to sell. With PHP 30,000, she could purchase more quantities and varieties of grocery items, toiletries and beverages needed in her business. She sincerely lets you know her heartfelt thanks and appreciation for this assistance in advance.

In the future, Merla wants to transform her sari-sari store into a grocery store. She dreams only for her family to have a well-contented and fulfilled life. She meets with her co-fellowship* members to share stories of her life and business every week. At these meetings she also draws strength and inspiration from studying the word of God.

* 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 microfinance loans.



Loan details

Loan length:

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