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Lorna
48-year-old Lorna E. owns a small rice field in their village. She has four children who are all studying and a husband, Leopoldo E., who manages their farm. It was in the year 1980 that they started farming. They have been doing the same thing because they are able to earn a better income from growing rice, which helped sustain their family for years now.

However, she is currently needing additional capital for her business. She would like to ask for a loan worth Php 10,000 to buy fertilizer and chemicals. She hopes that by making this move, she will be able to improve their harvest.

Lorna chose CEVI because of its services. She receives not just loans but education as well to run her business.

Additional 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

  • $7,000
    Average annual income
  • 1479
    View loans »
    Philippines Loans Fundraising
  • $59,409,725
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Lorna to purchase fertilizer and chemicals.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 20, 2009
Listed
Jul 25, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009