Rita sells basic household commodities needed by her neighbors, like seasoning, chips, milk, coffee, and toiletries. She is asking for a loan to buy canned sardines, corned beef, beef loaf, soft drinks, noodles, eggs, and seasoning, which are bought by her neighbors on a daily basis.
In the future, Rita wants to make improvements and expand her store, to gain a greater profit. Any income will be used for the family's daily consumption, savings, school fees, and reinvestment in the same business.
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