She is asking a CEVI loan of Php 12,000 to purchase the fertilizer and pesticide that her farm needs. She believes that, by doing so, she can triple her yield and earn bigger profits in her business. She also is looking into some other possible areas to augment their income. She will also use part of the loan to start another line of business. They dream of having their children graduate from college and finish a degree.
CEVI helps Teresita sustain her business. CEVI will continue to spread the seed of service to uplift the lives of the Filipinos. Through its microfinancing program, everybody is able to start a business. They are also provided with credit assistance, training, and insurance services to help their businesses grow.
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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Success!! The loan was 100% repaid