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Milagros
Milagros is a 53-year-old married woman and a mother of three grown-up children from Bohol, Philippines. She has been in the fishing business for more than 25 years. Her husband works as a fisherman.

Milagros is in need of additional capital for the business. She is asking for a loan worth 25,000 Philippines pesos (PHP) to buy new fishing nets and for the repair and maintenance of the fishing boat. With this, her husband will be able to enhance his daily catch, thus increasing her sales and profit.

Milagros dreams of making her business a success. Moreover, she wants to continue reinvesting in this venture and use some of the income for their daily needs and for savings purposes.

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
  • 345
    View loans »
    Philippines Loans Fundraising
  • $50,755,825
    Funds lent in using Kiva
  • 42.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Milagros to buy new fishing nets and for the repair and maintenance of the fishing boat.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2012
Listed
Aug 25, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013