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Hospecia
Hospecia is a 50 year old, married woman from Antequera,Bohol. She has five children. She is engaged in basket weaving. She sells native baskets. She has been in the basket weaving for four years. She requested a loan of 5,000 PHP to purchase more materials for weaving, like wicker (hard, woven fiber formed into a rigid material, usually used for baskets or furniture. Wicker is often made of material of plant origin, but plastic fibers are also used), and nito (palm). In the future, Hospecia would like to augment to other business ventures to support her family.

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
  • 342
    View loans »
    Philippines Loans Fundraising
  • $52,130,550
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Hospecia to buy materials to weave more baskets to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Nov 8, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013