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Virgilia C., a 60-year-old mother, has nine children. Despite her age, she is still working for the food that she eats. Almost all of her children are married and have separate lives already, but she still wants to help them raise their children. So, when she heard about CEVI, she immediately joined the credit program and started a business. As a member, she maintained good repayment records on her loans and availed higher loans in succeeding cycles.

Virgilia engages in retail business. She sells gasoline and crude oil in her town. Since her business is situated along the highway of Lun Masla, Malapatan, Sarangani Province, Virgilia has had a very good market of her product. She just started with PHP 40,000 in capital for her business and earned a lot of profit from it which she used to renovate her house.

Now, she wants to avail a higher loan this time. Virgilia needs to purchase more stocks of gasoline to cater to all her customers. She believes that by doing so, she will earn higher earnings.

CEVI helps Virgilia sustain her business. Through CEVI, she has access to the credit assistance, trainings, and insurance coverage it offers to all its clients.

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

  • $7,000
    Average annual income
  • 1324
    View loans »
    Philippines Loans Fundraising
  • $57,860,075
    Funds lent in using Kiva
  • 47.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Virgilia to purchase more gasoline to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Dec 22, 2008
Jan 20, 2009
Currency Exchange Loss:
Jun 15, 2009