As of now, Lizle Ann lacks additional capital for her business and she is asking for a loan worth 5000 PHP in order to buy additional stocks of processed meats such as chorizo and hotdogs. Chorizo is a fresh or cured sausage in the Philippines. They are available in the Spanish style and the Chinese style. They are used in dishes which have Spanish and Chinese influences, such as Philippine-style paella, and 'Pancit canton'.
Lizle Ann hopes that her business will improve and expand in the future thus giving her the opportunity to earn more to reinvest, save and to renovate her house.
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.
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Success!! The loan was 100% repaid