Dominga buys and sells charcoal and firewood to the people in her community. This business provides her the income she needs to support her husband in meeting the needs of the family, especially the school expenses of their children.
Dominga joined CEVI hoping to gain access for financial support through loan grants and other services. Dominga is requesting a loan of PHP 10,000 to buy more items to sell, like charcoal and firewood. She wants to augment her stock in order to reach out to a greater number of customers in their locality and to avoid shortages of supply.
In the near future, Dominga hopes to reinvest in this retail business and to bring it to a larger scale to cater more clients. Moreover, she is persistent in sending her children to school to attain a higher level of learning, which is essential for a bright future.
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