Joseph joined Kiva partner, CEVI, to gain access to financial services to help improve his living situation and ability to engage in business activities. He has successfully repaid a previous loan from CEVI. Joseph is requesting a new loan of 12,000 PHP, which will be used to purchase fertilizers such as manure and to pay laborers to help prepare his land. This loan will be his fourth from CEVI. He plans to use the additional revenue generated from the business to improve his business.
Community Economic Ventures, Inc. (CEVI) has increased its portfolio significantly over recent years. Based in Bohol, it has 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.
You can show your support for CEVI by joining the Friends of CEVI Kiva Lending Team. Learn more by visiting the CEVI website.
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Success!! The loan was 100% repaid