Jover, 36, manages a rice field in Norala, South Cotabato. He’s married and has four children. His eldest child is 12 years old. He needs additional capital to purchase farm supplies and fertilizer for his farm business. He’s requesting a loan from Community Economic Ventures, Inc., a Kiva partner, for 10,000 Philippine pesos. CEVI offers the lowest interest rate and the loan would be of great help in financing his existing business.
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.