Merlyn is asking for a loan of 15,000 PHP from CEVI. She will use the loan to buy four sacks of rice seed and three bags of urea fertilizers. Merlyn believes that her loan will bring her good returns and a good harvest. The loan will truly help her earn better income for their needs.
CEVI is reaching out to people, especially the poor, to start their own businesses. CEVI gives all its clients not just credit, but training and insurance coverage as well.
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On Friday November 8, 2013, Super Typhoon Haiyan made its way through Southeast Asia, causing substantial damage to homes and businesses in areas of the Philippines. Given the state of devastation following this storm, borrowers living and working in these areas may have difficulty making repayments on their loans, thus making their Kiva loans higher risk. More 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.
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