"I started my business in 1999. I have only have Php 15,000 in savings that I use to buy goods to sell. My neighbors come in everyday to buy what they need. I have been grateful to see how my small store has grown. The income that I get is used to pay for the education of my nephews, since I am still single," says this fifty-eight-year old entrepreneur from Trinidad, Bohol.
She is asking for a loan of Php 20,000 from CEVI, one of Kiva's field partners. She will use the loan to buy additional merchandise for her store. The loan will help expand her business and attract more customers.
CEVI helps small business grow. They provide not only loans but training and insurance coverage as well.
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.