She engages in food vending. She makes suman (made from glutinous rice cooked in coconut milk, and often steamed, wrapped in buli or palm). She has been selling suman for three years. Her husband is a carpenter.
Julie lacks the finances to sustain her daily living. She requested a loan of 6,000 PHP to buy glutinous rice, sugar and food for the family so that she can serve her customers and get back to her normal livelihood activity.
In the future, Julie would like to expand her food-vending business to have an additional source of livelihood and continue to support 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