This is Lerma, 36, a resident of Dasmariñas, Cavite, Philippines. She is married to Jaime, an employee, and is a mother to her children. Lerma operates a variety store. Her regular customers are her neighbors and the local community. She earns a minimum of Php500 in sales every day.
She is requesting a Php20,000 loan to buy groceries, toiletries and beverages to expand her product inventory. She expects a boost in her business income as she expands her business.
Lerma hopes to give her children a good education. She meets up with her co-fellowship* members to share stories of her work every week. *A fellowship group is composed of 15 to 30 community partners and meet weekly to study, build social capital, and repay micro-finance loans.
About the Center for Community Transformation
The 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.