Dominador A.'s main source of income comes from planting and harvesting rice for sale. He is 58 years old and has been married to his wife, Veronica, for 30 years now. They are from the town of Sta. Josefa. Dominador has been in his business for over 22 years.
Dominador joined CEVI to gain access to financial services to help improve his living conditions and enable him to engage in business activities. Dominador has successfully repaid a previous loan from CEVI. Dominador is requesting a new loan of 13,000 Philippine pesos which will be used to purchase fertilizers such as manure. This will be his fifth loan from CEVI. He plans to use the additional revenue to improve his 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. In addition to credit for its clients, CEVI also provides savings, insurance and training 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.