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Carmelita
Carmelita B. started her business in 1995 with the capital of only PHP 9000. Everyday she sells various kinds of goods aside from the seaweed farm that she and her husband have been running to support their six children. The cost of school, food, electricity, water, clothes, and other needs are rising. Carmelita is willing to work very hard to increase the family income.

She was a former saleswoman in one of the most famous malls in Tagbilaran Bohol. Later on, when she decided to get married to Delio, her husband, Carmelita stopped working and started her seaweed farm and sari sari store business in their town.

Carmelita is now requesting a CEVI loan of PHP 8,000 to buy more products to sell. She believes that her loan will bring her good profits. She is also interested in looking for some other line of business for additional income. Someday, Carmelita could send all her children to college and help them achieve their individual dreams.

CEVI helps Carmelita with her business. Now, she availed the credit assistance, trainings, and insurance coverage that CEVI offers.

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
  • 253
    View loans »
    Philippines Loans Fundraising
  • $53,061,525
    Funds lent in using Kiva
  • 46.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Carmelita to purchase dry goods, vegetables, and other merchandise for her store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 13, 2009
Listed
Feb 12, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009