She has a sari-sari (variety) store business and has been managing her business for a long time already. She started her business using her Php 3,000 savings. She wishes that, someday, she will turn her small store into a grocery where she could sell more goods and earn a bigger income for her family.
She would like to ask for a loan of Php 4,000 from CEVI. She will use the loan to buy additional stocks of merchandise to sell. The loan will help increase her income all the more.
CEVI is reaching out to people to enable them to start and have a business. It provides not just loans but training and insurance coverage as well.
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.
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Success!! The loan was 100% repaid