She has been engaged in the motorcycle transportation business for six years now. Her monthly income is PHP 12,000. This is the source of her income to cover her expenses.
Erlinda is requesting a loan to buy spare parts for her motorcycle. She wants her motorcycle to be in good condition whenever it is used in transportation. With the help of this loan, she will be able to buy the equipment that she needs for her motorcycle. In the future, Erlinda hopes to expand her business.
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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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