A loan of $175 helped to purchase additional products to sell.


Cecilia's story

Cecilia C., 36, is from the city of Tagbilaran. She is married and has 3 school-aged children. Cecilia owns & operates a store where she sells seafood products including dried fish and shrimp. Cecilia has been engaged in her business for over 3 years and earns approximately 4,000 PHP a month. Cecilia joined CEVI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Cecilia has successfully repaid a previous loan from CEVI. She is requesting a new loan of 7,000 PHP which will be used to purchase additional products to sell. This loan will be the second loan taken out by Cecilia from CEVI. She plans to use the additional revenue generated to improve her business and supplement her family's income. 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 additionally 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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