Roberto B. is from the town of Sta. Josefa. He is 53 and married with three school-aged children. To make a living, Roberto grows rice for sale. He has been engaged in his business for over 19 years.
Roberto joined CEVI to gain access to financial services to help improve his living situation and ability to engage in business activities. Roberto has successfully repaid a previous loan from CEVI and is requesting a new loan of 15000 PHP which will be used to purchase fertilizers, seeds and other farm supplies. This will be the eighth loan taken out by Roberto from CEVI. He plans to use the additional revenue generated from the business to pay his childrens' tuition fees.
Community Economic Ventures, Inc (CEVI) has increased its portfolio significantly in recent years. Based in Bohol, it has 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.