Shirly M. is from the town of Sta. Josefa. She is 23 years old, is married, and has a 4-year-old child.
Shirly has been involved in farming for nine years now. She cultivates her land for rice crops and sells her harvest at their local market. She says that she is really thankful for the farm because it provides for her family's daily needs. She also saves for her child's future.
Shirly 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.
Shirly is requesting a new loan of 7,000 PHP which will be used to purchase farm inputs like seed and fertilzer. This loan will be her second from CEVI. She plans to use the additional revenue generated from the business to improve her business.
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.