Ana Marie engages in a buy-and-sell business. She sells assorted kitchen utensils and home materials. She has been in the buy-and-sell business for five years. Her husband is also engaged in the buy-and-sell business.
Ana Marie requested a loan of PHP 15,000 to buy piglets and to create additional capital to purchase in bulk, assorted kitchen utensils and home materials, to avoid the stock shortage. In the future, Ana Marie would like to expand her business to support her family as well as to save for her children's education.
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