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Marcelinda
Marcelinda J. is a 45-year old rice grower in Veruela, Agusan Del Sur. She has four children and a supportive husband who manages their farm. Her hopes and plans for the future is to have another area for rice. She also mentioned the education of her children and providing them a bright future.

Marcelinda wants a loan to buy seedlings, complete fertilizers, herbicides, and insecticides. Because she was very worried about where is she going to look for money to finance her business, when she learned about the CEVI credit program, she never hesitated to apply for a small amount. which is really what she needs for her business operations.

Now she attends the CEVI cluster meetings which are managed by CEVI borrowers. They elect officers in their organizations. In their gathering, they learn about community business and savings, in addition to loans, training and the insurance coverage that they received.

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
  • 233
    View loans »
    Philippines Loans Fundraising
  • $52,061,525
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Marcelinda to buy seedlings, complete fertilizers, herbicides and insecticides.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 6, 2009
Listed
Aug 3, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010