She invests in hog raising. With the help and support of her eldest son she able to run the business. From the profits she earns from her business, Elena is able to provide for the needs of her children.
Elena is requesting another loan of $450 from CEV to purchase additional piglets and feed. “ With my first loan, I have already received good returns from my business which I really hope will help us uplift our lives” she says. "Now that I’m an active member of CEV, I enjoy receiving the credit assistance, trainings and insurance coverage they offer” she added.
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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