100%

funded

Total loan: $150

Welina

Flag of Philippines
Trento, Agusan Del Sur, Caraga, Philippines / Agriculture

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A loan helped To purchase fertilizers, such as manure, and additional store inventory.


Welina's story

Welina B. is from the town of Trento. She is 41 years old. Welina is married and has four school-aged children. To make a living, Welina raises crops. The main source of income for the business comes from planting and harvesting rice for sale. Welina has been engaged in her business for over 10 years. Now, she also owns and manages a sari-sari (variety) store, where she sells vinegar, shampoo and other kinds of products. Welina joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Welina has successfully repaid a previous loan from CEVI. Welina is requesting a new loan of 6,000 Philippine pesos (PHP), which will be used to purchase fertilizers, such as manure, and additional store inventory. This will be the second loan taken out by Welina from CEVI. She plans to use the additional revenue generated from the business to pay the tuition fees of her children. About CEVI: Community Economic Ventures, Inc (CEVI) has increased its portfolio significantly over recent years. Based in Bohol, they have numerous branches throughout the Philippines. In 2009, CEVI was awarded a CGAP silver award for transparency in social-performance monitoring. CEVI not only provides credit for its clients, but also offers savings, insurance and training programs, which are provided through regular cluster-group meetings. *Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.