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Recovery Lending: Typhoon Haiyan

On November 8, 2013 Super Typhoon Haiyan drew a path of destruction across the Central Philippines that left millions of Filipinos homeless, injured, and without a viable livelihood. Typically, MFIs reduce lending post-disaster. Following Typhoon Haiyan, VisionFund and its Philippine MFI, Community Economic Ventures, Inc. (CEVI), chose instead to deploy a “recovery lending” approach that increased lending, allowing clients to access fresh loan capital to jump start their livelihood.

See the story of one community’s recovery: