Funded

Total loan: $275
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Michelle


A loan of $275 helped to purchase general farm supplies & equipment.


Michelle's story

Michelle C. is from the town of Surallah. She is 28 years old. Michelle is married and has a 1-year-old child. To make a living, Michelle owns & operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting and harvesting rice for sale. Michelle has been engaged in her business for over 4 years. She recently started a sari-sari store where she sells salt, soy sauce and many others. She hopes for her store to grow.

Michelle joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Michelle has successfully repaid a previous loan from CEVI. Michelle is requesting a new loan of 12000 PHP which will be used to purchase general farm supplies & equipment. This loan will be the fourth loan taken out by Michelle from CEVI. She plans to use the additional revenue generated from the business to improve her business.

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.



Loan details

Loan length:

7 months
Repayment schedule: At end of term
Disbursed date: July 10, 2010
Facilitated by Field Partner: Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International

Lenders and lending teams



Loan details

Loan length:

7 months
Repayment schedule: At end of term
Disbursed date: July 10, 2010
Facilitated by Field Partner: Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International