Emma engaged herself to her rice farming business and toiled their one-hectare (2.5-acre) rice land with her husband. But, like any other struggling businessperson, Emma had her fair share of difficulties before reaching her present business stability. She had faced insufficiency of funds when she was starting but the strength of her determination led her to victory over the odds.
And now, as she continues to support her husband in providing their family’s basic needs and their children’s education, Emma is asking CEVI for a loan amounting to Php 15,000 to sustain the business, specifically in purchasing farming necessities.
Emma expressed her reasons for joining CEVI: according to her, aside from the institution’s capability to lend her the needed additional capital, she is pleased to enjoy the insurance and the chance to mingle with other people during cluster meetings.
More information about this loan
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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