Lilybeth B. is a 27-year-old entrepreneur and mother of one child. She has a sari-sari ('various kinds') store business. She started a small store using her savings of 5,000 PHP. Every day she earned an average of 300 to 600 PHP from the store. This income enabled her to pay all her household expenses. Lilybeth is now requesting a loan of 10,000 PHP from Kiva partner, CEVI. She will use the loan to purchase additional merchandise for her store. The loan will help increase the capital size of her business.
CEVI helps small business to grow. It provides its clients not just with loans but with training and insurance cover as well.