Luciano is a member of CEVI for several years now. As of this time, he is asking for a loan worth 20,000 PHP to buy more items to sell like noodles, canned goods, soda, snack foods and others. With this, he will be able to cater to more customers and buyers.
Luciano hopes of expanding his business in the future in order to generate more income for the needs and expenses of the family. Moreover, he wants to uplift the standard of living of the family and experience fullness of life.
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