A loan of $250 helped to purchase additional products to sell.


Josephine's story

Josephine M. is from the town of Talibon. She is 32 years old and married. To make a living, Josephine owns & operates a general store. While not the only means for generating revenue, the main source of income for the business comes from selling a variety of different products in the local community. Josephine has been engaged in her business for over 10 years.

Josephine joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Josephine has successfully repaid a previous loan from CEVI. Josephine is requesting a new loan of 10,000 PHP which will be used to purchase additional products to sell. She plans to use the additional revenue generated from the business to support her family financially.

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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