43-year-old Estrella is a rice farmer from the town of San Francisco, Agusan Del Sur. She is married and has 4 kids, aged 15, 13, 10 and 8. All her four kids go to school. Estrella's husband is also a farmer and sidelines as a carpenter. They both work hard to provide their children's needs and sustain their education.
Estrella joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Estrella is requesting a new loan of 4000 PHP which will be used to purchase farming necessities, such as seeds and fertilizers. This loan will be the first loan taken out by Estrella from CEVI. She plans to use the additional revenue generated from the business to improve her business.
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.