Lucila P. is from the town of Trento. She is 39 years old. Lucila is married and has 3 school-aged children.
She is involved in farming. She and her husband maintain their rice farm. Lucila also manages their sari-sari store located at their house. She sells stuff like sugar, vinegar and many other products. Like other entrepreneurs, she wants to be successful and have a stable income to sustain her family.
Lucila joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lucila has successfully repaid a previous loan from CEVI. Lucila is requesting a new loan of 6000 PHP which will be used to purchase fertilizers, seeds and additional store inventory. This loan will be the second loan taken out by Lucila from CEVI. She plans to use the additional revenue generated from the business to pay the tuition fees of her children and improve their living conditions.
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.