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Magdalena
Magdalena P. is from the town of Trinidad. She is 52 years old. Magdalena is married. To make a living, Magdalena owns & operates a general store. While not the only means for generating revenue, the main source of income for the business comes from selling a variety of different products in the local community. Magdalena also retails gasoline. She says it is very helpful to motorists because the next gas station is quite far.

Magdalena joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Magdalena has successfully repaid a previous loan from CEVI. Magdalena is requesting a new loan of 8000 PHP which will be used to purchase additional products to sell. She plans to use the additional revenue generated from the business to save as a reserve for future emergencies.

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
  • 1474
    View loans »
    Philippines Loans Fundraising
  • $59,381,875
    Funds lent in using Kiva
  • 44.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Magdalena to purchase additional products to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2010
Listed
Jan 18, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011