Luz P.'s rice-farming business is improving with the financial help offered by micro-finance institutions. Since 2008 Luz has been a member of Community Economic Ventures, Inc., an MFI and one of Kiva's field partners. She was able to finance her business with a small interest charge.
Now she is requesting a loan of 15,000 PHP to continually support her rice field. She is glad that her daily needs are met by the income she makes.
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.