Jowena C. is a farmer. Her main crop is rice. She sells most of her harvest to the village to earn a living for her family. She also reserved some of her harvest for family consumption. She is 31 years old and has no children yet. In addition to rice farming, she raises pigs to supplement her income.
She wants to avail a loan from CEVI. ( First Filipno MFI partner to go active in KIVA microfunds). She will use the loan to buy fertilizers and other farm necessities. The loan will be a great help to her family farm to increase their yield.
Based on research, Philippines has land area of 30 million hectares, 47% or 13 million hectares of which are use for agriculture. CEVI is reaching more farmers to sustain their livelihood. It not only provides loans, but also gives training and insurance coverage to all its clients.
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.