Marcelinda wants a loan to buy seedlings, complete fertilizers, herbicides, and insecticides. Because she was very worried about where is she going to look for money to finance her business, when she learned about the CEVI credit program, she never hesitated to apply for a small amount. which is really what she needs for her business operations.
Now she attends the CEVI cluster meetings which are managed by CEVI borrowers. They elect officers in their organizations. In their gathering, they learn about community business and savings, in addition to loans, training and the insurance coverage that they received.
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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Success!! The loan was 100% repaid