Elizabeth has engaged in food vending for about 15 years now. She makes puto (a classic steamed Filipino rice muffin) and bibingka (a native Filipino rice cake, a mixture of rice flour, coconut cream, coconut wine (tuba) and sugar, mixed together and cooked in an oven). These are the traditional snack foods in the Philippines. Elizabeth earns about 8,000 PHP per month. This is the source of her income.
Elizabeth is requesting a loan to buy rice flour, coconut, and sugar. These are the ingredients needed for making puto and bibingka. With the help of this loan, she will be able to buy all those ingredients and make puto and bibingka to sell in her local community.
In the future, Elizabeth hopes to expand her business.
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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