Her husband, Eduardo C. is also a farmer. Together, they till their land to support the needs of their family. They started their business in 1993. Until now, they still have their farm, abundant in harvest. "The produce is mainly intended for family use," Rosita said. "And if we have plenty of harvest, I will sell our rice in the market for additional income," she added.
Rosita is asking for a loan of Php 6,000 from CEVI. She will use the loan to buy good quality seeds and herbicides to ensure good harvests. The loan will help the couple achieve better yields. In that way, they will be able to pay for school fees like tuition and books.
CEVI is a non-profit organization that helps people start and have their own businesses. CEVI gives its clients credit, training and insurance coverage, to help their small 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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