Cherry Gil wants to expand her business, but lacks the capital to do so. For this reason, she joined CEVI to gain access to the loan services offered by the organization to the micro entrepreneurs like her. She is requesting a loan to buy additional groceries to sell like canned goods, candies, soap and toiletries and other items. With this loan, she will be able to attract more buyers in her store, thus augmenting her sales and income. In the future, Cherry Gil has hopes of making her business a success and sustainable.
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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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Success!! The loan was 100% repaid