Felicino S. tills a 1.75 hectare farm in his village. He owns the farm and sells most of his crop in the local market. The income that he earns from this farm feeds and clothes his family. Felecino S. is 58 years old and the father of two children. He has applied for a loan to buy seeds and herbicides. Doing this will help him increase his harvest. He is grateful to CEVI because 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.