Michelle A. is from the town of Trinidad. She is 21 years old. Michelle is married and has a 5-year-old child. To make a living, Michelle owns & operates a fishing business, operating a fishing boat to catch and sell assorted fish at the market. Michelle has been engaged in her business for over 10 years.
Michelle joined CEVI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Michelle has successfully repaid a previous loan from CEVI. Michelle is requesting a new loan of 11000 PHP which will be used to invest in expanding the business. This will be the fifth loan taken out by Michelle from CEVI. She plans to use the additional revenue generated from the business to supplement the family's income.
Community Economic Ventures, Inc (CEVI) has increased its portfolio significantly over the recent years. Based in Bohol, they have numerous branches throughout the Philippines. In 2009, CEVI was awarded a CGAP silver award for transparency in social performance monitoring. CEVI not only provides credit for its clients but additionally savings, insurance, and training which are provided through regular cluster group meetings.
*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.
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.