She has always dreamed of becoming a successful businesswoman, managing her own grocery or, who knows, a big department store someday! This has become her strong driving force to do her best in her present small business.
Presently, she is an active member of a growing microfinance operation in the Philippines, which is the Community Economic Ventures Inc. (CEVI). This institution helps her by lending her Php 21,000 as her additional capital. Not just that – Avita is also benefited by CEVI’s other offerings like savings and insurance.
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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