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49-year-old Carmela A. has a barbecue business in Dauis, Panglao, that she started in May 2006. She has eight children and the eldest is 27 years old. Her business helps in supporting the needs of her family.

Carmela would like to have additional capital to be used to expand her business. She joined in Community Economic Ventures, Inc. requesting a loan of Php 12,000. This loan will help her finance her business and send her children to school.

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
  • 381
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 47.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Carmela to use as additional capital to expand her business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Oct 22, 2009
Oct 30, 2009
Currency Exchange Loss:
Mar 15, 2010