Lerma and her husband Maximo have two children and live in Malibay, Pasay City. Maximo is a carpenter. At this time, Lerma is working hard to be able to send her children all the way through college. Like most Filipino parents, Lerma believes that a college diploma is the best inheritance parents could leave to their children, particularly as she herself has been an undergraduate.
To help her continue operations of her business, she is requesting a PHP 14,000 loan. She will be utilizing the loan to buy additional quantities of raw materials like fabric, thread, and newspapers for patterns. A portion of the loan will be used to renovate a room to prepare it for rental. She expects a boost in her business income as she expands her business.
Lerma dreams of being able to give her children a good, high-quality education through all her hard work on her business, and hopes to have her own shop for her clothes and curtains. She faithfully meets up with her co-fellowship* members to share stories of her work every week.
*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.
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 the Center for Community TransformationThe Center for Community Transformation (CCT) is dedicated to the development of communities and lives via spiritual transformation and access to financial services. CCT offers loan products to address the needs of micro-entrepreneurs in the Philippines. The organization’s loan products include small business, education, and housing loans. CCT utilizes a community-based approach to provide a variety of non-financial services that include training and development programs, clinics, disaster relief operations, a low-cost medicine program, and social service programs. CCT offers a unique “Pavement Dweller” program designed to provide food, housing, and job training. CCT also provides education support services to the poorest groups in the Philippines. Find more information about CCT on their website or join their lending team.
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Success!! The loan was 100% repaid