Rita is also a farmer working in Trinidad, Bohol. She and her husband own a plot of land that they till to grow rice crops. They also hire laborers to help till their land. According to Rita, they sell their harvest to rice traders and this earns them about 5000 PHP per month. Rita does her best to assist her husband with their business and send their children to school.
Rita requested this loan to purchase fertilizers and pay for labor. Rita hopes that in the future, her family will have a better quality of life.
More information about this loan
On Friday November 8, 2013, Super Typhoon Haiyan made its way through Southeast Asia, causing substantial damage to homes and businesses in areas of the Philippines. Given the state of devastation following this storm, borrowers living and working in these areas may have difficulty making repayments on their loans, thus making their Kiva loans higher risk. More information >>
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.
You can show your support for CEVI by joining the Friends of CEVI Kiva Lending Team. Learn more by visiting the CEVI website.
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