Teresita operates a sari-sari (variety) store business and a small eatery where she sells home-cooked meals. In her store, she also sells commodities like canned goods, noodles, soft drinks, soaps and toiletries. She has been in the sari-sari store business for ten years.
She requested a loan of 20,000 PHP to buy more merchandise to sell like canned goods, soft drinks, casseroles, vegetables, seasoning and meat.
In the future, Teresita would like to expand her business by investing in other business ventures to support her 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