Lucy P., 39-year-old mother of seven children, started farming as a tenant. Now, she finally owns the land that she and her husband are tilling. She wants to make it productive. She thinks that her farm proceeds will send all her children to school until college.
She would like to ask for a loan of Php 14,000 from CEVI. She will use the loan to purchase sacks of seed and fertilizer. She thinks that by doing so, she could improve their harvest.
CEVI is reaching out to a lot of poor families. It gives 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.