Erlinda E. is from the town of Surallah. She is 49 years old. Erlinda is married and has seven school-aged children. Erlinda owns and operates a business raising livestock. The main source of income for the business comes from raising pigs for fattening and sale. She also helps her husband maintain their rice farm by keeping it free of weeds and pests. She also sells their harvest in their town's market. Erlinda has been engaged in her business for over 10 years.
Erlinda joined CEVI to gain access to financial services to help improve her living situation and ability to do business. Erlinda has successfully repaid a previous loan from CEVI. Erlinda is requesting a new loan of 12,000 Philippine pesos (PHP) which will be used to purchase livestock feed & also farm supplies. This loan will be the fourth loan taken out by Erlinda 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 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.
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.