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Cresencia earns a living through her sari-sari or variety store business, selling various goods and items to the people in her neighborhood in Getafe, Bohol. She is a married woman and the mother of four children. Cresencia dreams of expanding her business so that she will be able to cater to more buyers, but she lacks the capital to do so. For this reason, she joined CEVI, a microfinance institution in the Philippines that offers small entrepreneurs loans for their businesses. With a loan, Cresencia will be able to buy more stocks to sell, including canned goods, candies, soap and detergents, rice, cooking seasonings and soda.

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
  • 353
    View loans »
    Philippines Loans Fundraising
  • $52,130,550
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Cresencia to buy more stocks to sell in her sari-sari (variety) store, including canned goods, candies, soap and detergents, rice, cooking seasonings and soda.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Mar 12, 2013
Mar 29, 2013
Currency Exchange Loss:
Sep 17, 2013