A loan of $325 helped to purchase baby livestock to raise and sell.


Lourdes's story

44-year-old Lourdes C. is from the town of Banga. She is married and has two school-aged children. To make a living, Lourdes owns and operates a business raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for fattening and sale. Lourdes has been engaged in her business for more than five years and earns approximately 1500 PHP a month for these activities.

Lourdes joined CEVI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Lourdes has successfully repaid a previous loan from CEVI. Lourdes is requesting a new loan of 15000 PHP, which will be used to purchase baby livestock to raise and sell in the future. This loan will be the eighth loan taken out by Lourdes from CEVI. She plans to use the additional revenue generated from the business to pay her children's tuition fees.

About CEVI:
Community Economic Ventures, Inc (CEVI) has increased its portfolio significantly over the 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 savings, insurance, and training, 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.



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