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Teresita
Teresita A. is already 70 years old; but despite the age, she is still strong and able to do business in the community. Teresita is a seamstress and has become quite popular making good clothes for all her clients. People come to her house for their dress needs especially wedding and party dresses. Teresita has eight children and is already a widow. One thing she is happy about, however, is that all her children were raised with good values and high morals. She forgets when exactly she started her tailoring business. What she remembers is that she was still single when she learned how to tailor clothes.

Teresita is now requesting a loan of PHP 6,000 to buy accessories for dressmaking. Part of the loan will also be used to repair her sewing machine. In this way, she can run her dress shop more efficiently and have more sales.

CEVI provides their clients with the credit assistance, trainings, and insurance services that they need.

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
  • 1260
    View loans »
    Philippines Loans Fundraising
  • $57,883,475
    Funds lent in using Kiva
  • 46.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Teresita to purchase more accessories for dress making and to repair her sewing machine.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2009
Listed
Mar 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009