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Lerma
Lerma C. is from the town of Surallah. She is 62 years old and married. To make a living, Lerma owns and operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting and harvesting rice for sale. Lerma also owns and manages a sari-sari (variety) store where she sells coffee, sugar and other products.

Lerma joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lerma is requesting a new loan of 6000 PHP which will be used to purchase fertilizers and seeds. This loan will be the first loan taken out by Lerma from CEVI. She plans to use the additional revenue generated from the business to improve her family's living condition.

Additional Information

More information about this loan

On Friday November 8, 2013, Super Typhoon Haiyan made its way through Southeast Asia, causing substantial damage to homes and businesses in areas of the Philippines. Given the state of devastation following this storm, borrowers living and working in these areas may have difficulty making repayments on their loans, thus making their Kiva loans higher risk. More information >>

About Community Economic Ventures, Inc.

Community Economic Ventures, Inc. (CEVI), based in Bohol, was awarded the Platinum Award for Transparency in Social Performance Reporting by CGAP. Social performance monitoring is imperative in measuring a microfinance institution’s effectiveness. The fact that CEVI is participating in this process speaks volumes about the organization’s commitment to serving its clients effectively. In addition to providing credit for its clients, CEVI provides savings, insurance, and training through regular cluster group meetings.

You can show your support for CEVI by joining the Friends of CEVI Kiva Lending Team. Learn more by visiting the CEVI website.

About Philippines

  • $1175
    Average annual income
  • 287
    View loans »
    Philippines Loans Fundraising
  • $52,849,300
    Funds lent in using Kiva
  • 44.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Lerma to purchase fertilizers and seeds.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 17, 2010
Listed
Nov 24, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011