Wilma is 48 years old and in the rice-farming business in Norala, South Cotabato. She started her business back in 2005. She also raises ducks as another source of income. With the income she receives from her farm, the financial needs of her family are met.
She joined Community Economic Ventures, Inc., a Kiva partner, to take a loan for her farm. She requested the amount of 12,000 Philippine pesos as additional capital to finance her business. With this amount, she can buy fertilizers and feed for her ducks.
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.