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Mercedes
Mercedes is a 41-year-old married woman from Talibon, Bohol, Philippines. She has run a sari-sari (convenience) store for more than two years now. She sells snack foods, household materials and other items to the people in the community. As of this time, Mercedes needs more funds for the expansion of her business. She is asking for a loan worth PHP 4,000 to buy additional stocks to sell in her store such as: canned goods, biscuits, detergents, soda, snack foods, and others. Through this, Mercedes will be able to attract and cater to more customers and will increase her sales and profit from the business. Mercedes hopes of making her business a successful one in the near future.

Additional 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

  • $7,000
    Average annual income
  • 1397
    View loans »
    Philippines Loans Fundraising
  • $59,123,575
    Funds lent in using Kiva
  • 41.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $100 helped Mercedes to buy additional stocks to sell in her store such as canned goods, biscuits, detergents, soda, snack foods, and others.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2012
Listed
Sep 11, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013