Precila is a rice grower and started her farm in 1967. She helps her husband manage a 1-hectare (2.5-acre) farm. Before her first loan in Community Economic Ventures Inc. (CEVI), it was really difficult to sustain her livelihood.
Precila has requested a loan of Php 12,000 from CEVI. She will use the loan to finance her farm like buying fertilizer and seed. She hopes everything will result in prosperity and an abundant harvest for her farm.
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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