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Arcel
Arcel B. is a cook and owns a small eatery in her village. She is 38 years old and has only one child. Her husband, Aristarco helps her manage the business. Together, they work very hard to provide a good future for their child. Prior to this business, she sold dry goods. But she wound up with a food business because she thinks that it is a better and more profitable business.

She is asking for a loan of Php 12,000 from CEVI. She will use the loan to buy additional stock and to renovate her eatery. The loan will help Arcel attract more customers and earn more income for her family.

CEVI is helping people start and run their own business. They don't just provide loans to people; they also give training and insurance coverage to help their clients succeed in their business.

Additional 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
  • 1435
    View loans »
    Philippines Loans Fundraising
  • $59,148,800
    Funds lent in using Kiva
  • 48.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Arcel to buy additional stock and renovate the eatery.
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:
Jul 15, 2009