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Algin
Algin is a 27-year-old married woman with two young children. Her husband is a fisherman. For the past four years, Algin has run a sari-sari (retail) store where she sells items like canned goods, noodles, shampoo, and soap to people in her community. She earns 15,000 PHP per month with her business. Algin also supports her husband by selling his catch at the market.

Algin is requesting a loan to buy both fishing nets and more items to sell such as canned goods and rice. She hopes to achieve her future goals of sending her children to college and expanding her business.

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
  • 349
    View loans »
    Philippines Loans Fundraising
  • $50,930,575
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Algin to buy fishing nets and items to sell at her store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2011
Listed
Nov 20, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2012