Bilsam B. is a rice grower. He is 38 years old and the father of three children. He wants to provide for all the needs of his family especially now that all the children are going to school. He was a tourist driver before. For 13 years, Bilsam worked very hard as a driver until he met his wife, Deborah, and got married.
In his desire to be a good husband and father, Bilsam invested much in rice farming. His harvest is what he uses to buy all their needs. He also saves some rice for their own consumption. Now, he needs a loan of Php 10,000 from CEVI. He will use the loan to buy fertilizer, fungicides and other farm inputs.
CEVI aims to help small businesses like his grow. It provides not just loans but training and insurance coverage as well.
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.