A loan of $350 helped to purchase additional seeds and fertilizers.

Elena's story

Elena F. is from the town of Surallah. She is 49 years old. Elena is married and has 3 adult-aged children. To make a living, Elena owns and 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. She says she works hard because she wants to increase her harvest.

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

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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