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Ma. Magdalina
Ma. Magdalina runs a sari-sari (variety) store business in San Jose, Talibon. She sells various items like snacks, candies, cooking oil, and vinegar. She earns 5,000 Philippines pesos (PHP) per month with her business.

Ma. Magdalina's income is used for her family's daily needs. She needs additional capital for her business and sought the help of CEVI, an MFI and Kiva partner. She applied for a loan to buy more merchandise to sell, such as canned goods and toiletries. Magdalina hopes for her sales to improve.

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
  • 231
    View loans »
    Philippines Loans Fundraising
  • $53,045,000
    Funds lent in using Kiva
  • 42.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Ma. Magdalina to buy more merchandise to sell, such as canned goods and toiletries.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2012
Listed
May 13, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012