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Alma
Alma O., 29, is from the town of Sta. Josefa. She is married and has a 3-year-old child. To make a living, Alma owns and operates a farming business, with most of her revenue coming from planting and harvesting rice for sale. Alma has been engaged in her business for over 5 years. She is saving money she earns to be able to pay for her child's future education.

Alma joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has already successfully repaid her first two loans from CEVI and is now requesting a new one - in the amount of 8,000 PHP - which will be used to purchase general farm supplies and equipment. Alma plans to use the additional revenue generated from the business to supplement the family's income.

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
  • 273
    View loans »
    Philippines Loans Fundraising
  • $52,803,225
    Funds lent in using Kiva
  • 46.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Alma purchase of general farm supplies and equipment.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 3, 2010
Listed
Jul 6, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 16, 2010