Jenny P. is from the town of Sto. Niño. She is 32 years-old and married with three school-aged children. She grows hogs for fattening and sale. She has been involved in hog-raising for more than eight years. Out of her income from the pigs, she was able to start a small sari-sari store where she sells food and daily use products. One of her wishes for the future is to have her three children finish college and find appropriate jobs for themselves.
Jenny joined Kiva partner CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Jenny has successfully repaid a previous loan from CEVI. Jenny is requesting a new loan of 12,000 PHP which will be used to purchase livestock feed and other supplies. This loan will be the fourth loan taken out by Jenny from CEVI. She plans to use the additional revenue generated from the business to pay the tuition fees of her children and improve her business.
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 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.