Berlyn A. is from the town of Sta. Josefa. She is 23 years old. Berlyn is married and has four young children. Her eldest is only aged 8. To make a living, Berlyn raises crops. The main source of income for the business comes from planting and harvesting rice for sale. Berlyn is working hard to provide for her family's daily needs. She also wants to save for her children's future.
Berlyn joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Berlyn has successfully repaid a previous loan from CEVI.
Berlyn is requesting a new loan of 6,000 Philippine pesos (PHP), which will be used to purchase fertilizers, seeds and other farm inputs. This will be the second loan taken out by Berlyn from CEVI. She plans to use the additional revenue generated from the business to supplement the family's income and improve their house.
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. CEVI not only provides credit for its clients, but also offers savings, insurance and training programs, 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.