Robelyn A. is from the town of Talibon. She is 31 years old. Robelyn is married and has two school-aged children. To make a living, Robelyn operates a fishing business. She makes her own "panggal," a fishing basket made of rattan. The main source of income for her business comes from catching and selling fish at the market. Robelyn has been engaged in her business for over a year and earns approximately 8,000 Philippine pesos a month for these activities.
In 2008, Robelyn joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Robelyn has successfully repaid a previous loan from CEVI. Robelyn is requesting a new loan of 6,000 PHP, which will be used to purchase fishing equipment including rattan, hooks and nets. This will be the fourth loan taken out by Robelyn from CEVI, a Kiva partner. She plans to use the additional revenue generated from the business to make improvements to her house.
Community Economic Ventures, Inc (CEVI) has increased its portfolio significantly over recent years. Based in Bohol, they have numerous branches throughout the Philippines. In 2009, CEVI was awarded a CGAP silver award for transparency in social performance monitoring. CEVI not only provides credit for its clients but also offers savings, insurance and training provided through regular cluster group meetings.
*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.
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.