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Avelina
Avelina is a forty-four-year-old married woman from Cortes, Bohol. She has four children. She has been in the food vending business for fifteen years. She sells suman (a rice cake originating in the Philippines made from glutinous rice cooked in coconut milk, and often steamed in banana leaves), biko (a Filipino sweet sticky traditional rice cake that is made of glutinous rice or malagkit, coconut milk or gata) and puto (the Filipino term for “rice cake” which is cooked by steaming.).

She has requested a loan of 11,000PHP to buy more ingredients like glutinous rice, sugar, coconut milk and a new electric steamer. In the future, Avelina would like to expand her business to support her family as well as to elevate her status of livelihood.

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
  • 881
    View loans »
    Philippines Loans Fundraising
  • $54,410,800
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Avelina to buy glutinous rice, sugar, coconut milk and a new electric steamer for her food business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Oct 26, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013