A loan of $175 helped to purchase fertilizers such as manure.

Cleofe's story

Cleofe E. is from the town of Banga. She is 39 years old. Cleofe is married and has two school-aged children. To make a living, Cleofe raises crops. The main source of income for her business comes from planting and harvesting rice for sale. Cleofe has been engaged in her business for over 12 years.

Cleofe joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Cleofe has successfully repaid a previous loan from CEVI. Cleofe is requesting a new loan of 8,000 Philippine pesos, which will be used to purchase fertilizers such as manure. This will be the third loan taken out by Cleofe from CEVI. She plans to use the additional revenue generated from the business to improve her business.

About CEVI
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 programs, which are 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.

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