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Magdalena
Magdalena is a 49-year-old married woman from Panglao, Bohol. She has four children. The oldest child is 24 and the youngest is 8.

She sells fish and during her spare time she also makes dresses. She has been in both business for 20 years.

She requested a loan of 5,000 PHP to buy fish net and materials for dress making like cloth, thread, and zippers.

In the future, Magdalena would like to improve her business by investing to other businesses to support her family as well as to save for the schooling of her children.

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
  • 1318
    View loans »
    Philippines Loans Fundraising
  • $56,360,350
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Magdalena to buy fish net and also materials for dress making.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2012
Listed
Nov 10, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013