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Ma.magdalena
Ma. Magdalena is a 47-year-old married woman from Cortes, Bohol. She is a mother of a 16-year-old daughter. She runs a retail store in the community. She sells commodities such as powdered milk, sugar, eggs, noodles, seasonings and toiletries. Aside from operating a retail store, Ma. Magdalena raises hogs. She works hard to earn a living. She has been in the hog-raising business for eight years. She requested a loan of 5,000 PHP to buy additional piglets, feed and pig supplements to produce healthy pigs. In the future, Ma. Magdalena would like to expand her business to support her family as well as to save for the college the education of her child.

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
  • 1168
    View loans »
    Philippines Loans Fundraising
  • $54,856,275
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Ma.magdalena to buy additional piglets, feed and pig supplements.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2013
Listed
Feb 16, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013