Elvie G. is from the town of Sta. Josefa. She is 40 years-old and married with three school-aged children. To make a living, Elvie owns and operates a business in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes from planting and harvesting rice for sale. Elvie has been engaged in her business for over 18 years.
Elvie joined Kiva partner CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Elvie has successfully repaid a previous loan from CEVI. Elvie is requesting a new loan of 15,000 PHP which will be used to purchase fertilizers, seeds and other farm materials. This loan will be the eighth loan taken out by Elvie from CEVI. She plans to use the additional revenue generated from the business to pay the tuition fees of her children and improve her family's living conditions.
Community Economic Ventures, Inc (CEVI) has increased its portfolio significantly in 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 provides not only credit for its clients but also savings, insurance, and training 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.
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.