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Marcela
Marcela S. is a pig farmer. She is 72 years old and has six children. Despite her age, she is still strong and able to run her business. She enjoys raising pigs. Marcela still helps her children and their families: her profit goes toward their needs as well as the educational fees of her grandchildren. She also sells "bibingka" (rice cake) in her village. Bibingka is a very popular Filipino delicacy.

She is asking for a loan of Php 23,000 from CEVI. She will use the loan to expand her business by buying more piglets and more feed as well as improving her pig fence. The loan will help Marcela raise more pigs.

CEVI helps people start and run their own businesses. They provide their clients with credit assistance, training, and insurance coverage to help their businesses grow. Through CEVI’s microfinance efforts, people have the opportunity to better support their families. CEVI has been providing and expanding these services for 10 years.

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
  • 270
    View loans »
    Philippines Loans Fundraising
  • $53,135,300
    Funds lent in using Kiva
  • 48.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Marcela to purchase feed for pigs and piglets.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2009
Listed
Mar 9, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009