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Elsie S., 55 years old is a rice and corn grower. She has three children. Her eldest is 34 and all her children are now living separately. She was a CEVI client since 2000. She likes its services especially that it offers a very lo interest rate of 2% a month.

She wanted to grow her business. Receiving a loan therefore is very worthwhile since she was not able to pay yet the laborers who work for land preparation. She will also invest some of the money to other business ventures.

She likes CEVI services a lot a she said that she will not quit joining the program because it truly beneficial for her business growth.

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

  • $7,000
    Average annual income
  • 1203
    View loans »
    Philippines Loans Fundraising
  • $57,777,750
    Funds lent in using Kiva
  • 48.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Elsie to pay the farm laborers.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Aug 24, 2009
Sep 4, 2009
Currency Exchange Loss:
Feb 15, 2010