She has been engaged in a food vending business for 20 years now. She sells rice and other foods she has prepared in this area. She earns approximately 6,000 PHP in a month. This is the source of her income and for the needs of the family.
Marissa is requesting a loan to buy rice, meat, vegetables, seasonings and other ingredients. These are what she needs in her business. With the help of this loan, she will be able to buy these ingredients so she can start making her meals and selling them.
In the future, Marissa hopes to expand her business. She also wants to send her children to school.
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