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Lorena
Loreta R. is a pig grower. She engages in this business because she enjoys doing the work and she finds it profitable enough to support the needs of her family. She has four children who are all in school. She wants to send all of them to college because she believes that when they graduate, they will be able to find better jobs. Her husband is a rice grower. They use part of the harvest for the family consumption and they sell the rest to traders. Loreta thinks that growing pigs is a better way for her to contribute to the family income. She is happy about how her business is going.

In 2000, Loreta started her pig business with only one sow. She wants to grow her business, so that is why she is asking for a loan from CEVI to purchase feed for her pigs and to to increase the size of her pig pen. In this way, she hopes to earn enough money to pay for their food, clothing, and other needs.

CEVI supports hard working entrepreneur like Loreta. Because of the credit assistance, training, and insurance coverage that CEVI provides to its clients, many people are able to build their own businesses.

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
  • 1107
    View loans »
    Philippines Loans Fundraising
  • $54,595,750
    Funds lent in using Kiva
  • 47.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Lorena to purchase feed for the pigs.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 22, 2008
Listed
Jan 19, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2009