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Letecia C. is 44 years old. She is a Community Economic Ventures Inc. (CEVI) client and lives on a small island in Bohol, named Suba. She is a wife of a fisherman and has six children. Although her eldest daughter is already married, her other children are still in school.

She requested a loan of Php 18,000 from CEVI, which she will use to buy fishing materials and a new boat. She plans to use the second boat to make money ferrying passengers to and from the island.

She is enthusiastic about CEVI and likes their interest rate, which is 2% a month.

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
  • 1113
    View loans »
    Philippines Loans Fundraising
  • $54,595,750
    Funds lent in using Kiva
  • 48.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Letecia to buy fishing materials and a new boat.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jul 28, 2009
Aug 28, 2009
Currency Exchange Loss:
Jan 15, 2010