Our pilot program is currently in full-force in the city of Jasaan in the Philippines. We have partnered with two churches in the area that asked our organization to provide small business loans for members of their congregations. We visited Jasaan and hand-picked several capable individuals in the community to run our Philippines program. Our Filipino staff helped form a peer group of six potential borrowers at one of our partner churches.
Currently, three of them have received their first loans and are making regular payments; additional members of the group are scheduled to receive their loans soon. Once all loans have been repaid, that money will be reused to fund additional loans in the Jasaan area.
As this group continues to flourish, we are looking to form a second peer group at our other partner church in Jasaan. This will require additional loan capital, for which we are currently raising funds. We need $2400 to provide loans for 8 new borrowers.
Samson's business is recycling. He buys scrap of any kind - mainly bottles, plastics and iron - and sells it to big manufacturers.
Liza owns a consignment business. She buys her merchandise at large outlets and resells them to the public. Her husband also owns a business raising pigs, goats and chickens for sale.