34-year-old Vuffie T. is from the town of Surallah. She is married and has three school-aged children.
Vuffie owns and operates a business planting and harvesting fruits and vegetables for sale. She has been engaged in her business for over thirteen years and earns approximately 3,000 PHP a month.
Vuffie joined CEVI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan from CEVI.
Vuffie is requesting a new loan of 15,000 PHP which will be used to purchase fertilizer such as manure. This loan will be her sixth from CEVI. She plans to use the additional revenue generated from the business to pay her children’s tuition fees and supplement her family's income.
Community Economic Ventures, Inc (CEVI) has increased its portfolio significantly over the 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 additionally savings, insurance, and training 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 Bahasa 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.