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Lucena
Lucena is a 50-year-old married woman from Bohol, Philippines. She has three children who are still in school. Together with her husband, Lucena runs a tricycle repair and vulcanizing shop. This is the source of their income.

Lucena works hard to support her husband in meeting their family's needs. She joined CEVI because she wanted to gain access to the financial services offered by the organization. She is requesting a loan of 12,000 PHP to buy materials for their tricycle repair and vulcanizing shop. With this loan, they will be able to cater to more customers.

Lucena hopes to make their business a success so that it will generate more revenue for their needs and other expenses.

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
  • 336
    View loans »
    Philippines Loans Fundraising
  • $50,801,300
    Funds lent in using Kiva
  • 42.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Lucena to buy materials for their tricycle repair and vulcanizing shop.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2012
Listed
Sep 4, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013