Virginia is engaged in fishing. She sells fish, crabs, and sea shells to earn a living. Her husband is a fisherman, and she has been fishing for almost ten years.
Virginia has requested a loan of 12,000 PHP to buy fishing materials like fish nets and crab cages, and to pay school fees. This will help her get a bigger catch to increase sales, as well as to meet the family's daily needs.
In the future, Virginia would like to expand her fishing business to provide her family with good food, and to save for the education of her children.
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