A loan of $325 helped to purchase seeds, fertilizers and other farming supplies.

Rosie's story

Rosie C. is from the town of Banga. She is 45 years old, married and has 5 children. To make a living, Rosie owns & operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting and harvesting rice for sale. Rosie has been engaged in her business for over 25 years.

Rosie joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Rosie has successfully repaid a previous loan from CEVI. Rosie is requesting a new loan of 15000 PHP which will be used to purchase seeds, fertilizers and other farm inputs. This loan will be the fifth loan taken out by Rosie from CEVI. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

About CEVI:

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 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.

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