We thought you'd like to know that FITE has processed the codes we redeemed at joinFITE.org, and helped fund a microloan segment for an entrepreneur matching are selections as closely as possible.
The entrepreneur funded is Enarcita Bacordo
This loan will be used for the purpose of: to pay for sacks of rice and grocery items as stock replenishment for her variety store. Being one of the persevering community partners in CCT*, Enarcita, 49, works hard to make her business flourish. She was not able to reach high school; nevertheless, she makes sure that sad fact will not get in the way of a great future for her and her family. Enarcita is married to Francisco, a tricycle driver. Together they persevere to augment their family needs and reach their dreams. They have two children, one who works already, and one who studies in college. Their family used to live in Negros Oriental; at present, they reside in Tondo, Manila. Enarcita manages her own sari-sari (variety) store. Here, she sells daily household essentials like cooking oil, toiletries, and beverages in retail prices. She also sells rice in retail, which works well since rice is the staple food of Filipinos. Her store being located adjacent to their home, Enarcita is able to invest her complete day time in this business and gets to earn Php1, 700 net income daily. She manages her store without the aid of any employees. To help her continue operation of her business, she is requesting a Php50,000 loan. Enarcita intends to use this loan to restock grocery items in her store, such as soft drinks, milk in boxes, instant noodles, and toiletries, among others. She also plans to purchase sacks of rice for her rice retail business. Aside from supporting her business capital, this will also lead the way to increase savings to pay for franchise of her newly bought van. One struggle Enarcita has at present is the low rate of sales. But she continuously devises strategies to get the community to patronize her store, because her dream of seeing her business grow fuels her perseverance to work hard. It is her desire to purchase their own lot and build their own home. As a CCT community partner, she faithfully attends the group's weekly fellowship* meeting where she can also draw strength and inspiration from 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 pay microfinance loans.
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