Silvestra is in need of additional capital for her purchasing card business. She is asking for a loan worth 10,000 PHP (Philippines pesos), which will be used as additional capital for her purchasing card business. The money will be used to avail more PO cards from a certain store, and Silvestra would sell it to the people who wants to do grocery without using money. An the clients would pay her money within a certain period of time.
In the future, Silvestra wants to expand her business in order to augment her income to meet the needs of the family.
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