Gomersenda is in need of additional funds for their fishing venture. She is applying for a loan worth 6000 PHP to buy new fishing net and other fishing materials for her husband. She believes that if she is provided with financial support through the loan, they will be able to enhance their catch and their sales.
Gomersenda dreams of expanding their business so that it will generate more income necessary for their daily needs and for the school expenses of her children. Moreover, she wants to experience fullness of life, together with her family.
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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