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Magdalena
Magdalena is a married woman from the town of Surallah, South Cotabato. She is 40 years old and has 3 children aged 22, 20 and 18.

Magdalena has been in the hog-raising business for 15 years. She earns 5,000 PHP per month from her business. Magdalena also owns a parcel of land where she grows rice crops. She plans to use her loan to purchase fertilizers, piglets and feed. Magdalena hopes to succeed in her ventures.

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
  • 357
    View loans »
    Philippines Loans Fundraising
  • $52,107,000
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Magdalena to purchase fertilizers, piglets and feed.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 16, 2011
Listed
Sep 25, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 1, 2012