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Update on Lerma

This is Lerma. Her previous loan was a big help in her dressmaking business. She was able to make more dresses as she expanded her business through the loan. It also helped a lot in her family's everyday expenses. She and her husband are working hard to continually provide income for their family.

She would like to apply for another 20,000 PHP loan for her to buy additional supplies of raw materials like fabric, thread, and other items needed in her dress making business. Her profits from business will definitely help her to cover their daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart.

Lerma dreams of having a big stall for her business and hopes to help her family. She faithfully meets up with her co-fellowship* members to share stories of her work every week and to 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 repay micro-finance loans.

Previous Loan Details

Lerma, age 62, operates a tailoring business. She mainly offers curtains, bed sheets, blankets, and other materials for the home. Seasonal demands for clothing like uniforms and such are available all year round. She also does repairs and alterations. Her regular customers are her neighbors and m... More from Lerma's previous loan »

Additional Information

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Philippines

  • $7,000
    Average annual income
  • 714
    View loans »
    Philippines Loans Fundraising
  • $63,275,575
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Lerma to purchase raw materials like fabric, thread, and other items needed in her tailoring business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jan 11, 2013
Jan 17, 2013
Currency Exchange Loss:
Jul 17, 2013
This photo was used before for a previous loan for Lerma. It was first posted on Kiva on Feb, 2012. Learn More