Thirty-three-year-old Leorie V. is from the town of Surallah. She is married and has three children. Leorie plants and harvests corn crops that she sells to the market. She also has coconut and banana trees planted on part of her land. A few years ago, she decided to put up a sari-sari (variety) store to help meet her family's daily needs. She sells various products in the store.
Leorie applied for a loan from CEVI, a Kiva partner in the Philippines. She asked for 8,000 Philippines pesos, which she will use to purchase fertilizers and other farm inputs. She plans to use the additional revenue generated from the business to supplement her family's income.
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.