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Cresencia
Cresencia A., 34 years old, is a native of Getafe, Bohol. She is married and is the mother of four. Her former experience as a saleslady has somewhat inspired her to start her own business. With PHP 6,000.00 as starting capital, she was able to establish a small store of goods. Along with this, she also has a videoke (singing) machine and computer games to meet her neighbors’ short time leisure.

Since she wanted to expand her business, Cresencia applied for a PHP 12,000.00 loan from Community Economic Ventures Inc. (CEVI), a growing micro-finance institution in the Philippines. This amount will be used to purchase more goods for the store.

Additional Information

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.

About Philippines

  • $1175
    Average annual income
  • 267
    View loans »
    Philippines Loans Fundraising
  • $53,055,900
    Funds lent in using Kiva
  • 48.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Cresencia to purchase additional goods for the store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2009
Listed
Jul 10, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009