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Cresencia
Cresencia is a native of Getafe, Bohol. She is 38 years old and married with four children. Her eldest is 19 and the youngest is 12. Her husband has a fishing business. Cresencia sells household basic needs through her small sari-sari store. In her store she sells cooking oil, salt, pepper, soy sauce, tomato, garlic, onion, canned goods, noodles and soft drinks. She is asking for a loan to buy more vegetables and seasoning that she can resell. The additional stock would assure Cresencia that she has enough to sell to her customers. This will result in a better income for her family. She will be able to provide nutritious food for her family. In the future, she plans another business expansion.

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
  • 366
    View loans »
    Philippines Loans Fundraising
  • $50,851,300
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Cresencia to buy detergent, soft drinks, rice, spices and seasoning.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2013
Listed
Oct 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2014