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With only Php 5,000.00 as a starting capital, 29-year-old Julieta L. was able to open a small grocery store beside their house in Talibon, Bohol. She formerly had a fishing business, but it turned out that the income from her fishing venture could not suffice for her family’s needs. Although her husband is earning money as well, Julieta fears that in the future, they might not be able to send their three children to college if she lets him earn alone.

Her store is presently operating at the average. But Julieta refuses to remain in this status. She wants to expand the business, which made her decide to ask for this loan through the Community Economic Ventures, Inc. (CEVI). She is happy that she can not only use this service, but also meet with her fellow members during their cluster meetings.

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
  • 405
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 48.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Julieta to expand the business by purchasing more inventory.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jun 30, 2009
Jul 10, 2009
Currency Exchange Loss:
Dec 15, 2009