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Marta
Marta, 63, is married with three adult children. She is a hardworking woman who relies on her vulcanizing shop and her hat-making business for her living. (Vulcanizing is the process of converting rubber and other materials into stronger substances.) These businesses started eight years ago.

Marta is asking for a loan of 30,000 Philippine pesos to buy more burri and rubber for vulcanizing. She hopes, with available materials, she can be more productive each day for better business profitability.

In the future, she hopes to be in the same business but able to expand her production. Her income will provide food for her and her husband, who is also her partner in the business.

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
  • 1164
    View loans »
    Philippines Loans Fundraising
  • $54,649,075
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Marta to buy more burri and rubber for vulcanizing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2013
Listed
Jul 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014