Gloria C., a 49-year old farmer and mother of two children, now owns the land she previously rented, growing rice as her main crop. Her agricultural income has enabled her to buy appliances such as a refrigerator and television. Gloria is now requesting a loan of Php 14,000 from CEVI to buy 40 liters of crude oil, rice seeds and fertilizers, all of which will really help her improve the harvest.
CEVI provides with 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.