Funded

Total loan: $1,150
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Crisencio

Philippines
Silang, Cavite, Philippines / Transportation

A loan of $1,150 helped to pay for the spare parts and maintenance of their jeepney unit.


Crisencio's story

Crisencio is a 35 year old micro entrepreneur from Silang, Cavite, Philippines. He is married to Marilou and they have children. At this time, he is working hard to continually provide income for their everyday expenses.

Crisencio oversees operations of their Jeepney transportation business. They have one unit of Jeep that carries up to sixteen passengers to their destination within the community. He earns from the *boundary (daily quota) their driver remits everyday. Their regular passengers and customers are from the local community. He earns a minimum of 1000 Philippine Pesos (PHP) in boundary every day.

To help him continue operations of his business, he is requesting a PHP 50, 000 loan. He will be utilizing the loan for the maintenance of his Jeepney unit.

Crisencio hopes to buy more units of jeepney and dreams that his family will always be in good health. He meets up with his co-fellowship** members to share stories of his life and business every week and where he can also draw strength and inspiration from the Word of God he studies.

*In the boundary system, the driver pays the jeepney owner a fixed amount (the “boundary”) for driving a passenger vehicle for 12 hours. It is as if the driver is renting the vehicle. What he earns from passenger fares above the “boundary,” minus what he paid for the gas and oil, is his take-home pay.

**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 pay Micro Finance loans.



Loan details

Loan length:

5 months
Disbursed date: August 12, 2014
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International

Lenders and lending teams



Loan details

Loan length:

5 months
Disbursed date: August 12, 2014
Facilitated by Field Partner: Center for Community Transformation Credit Cooperative, a partner of HOPE International