"Farmer, that is me. We have been tilling our rice field, me and my husband, to be able to support the needs of our children. Our harvest is intended for family consumption. When there is extra, we sell some of our rice to our neighbor at Php 37.00 per kilo," says Susan F., 48-year-old mother of six children from Agusan Del Sur in Mindanao.
She would like to ask for a loan of Php 14,000 from CEVI. She will use the loan to purchase five sacks of fertilizers and four sacks of seed. She thinks that by doing so, she will be doing something to improve their yield and income.
CEVI gives not just loans to their clients. It also offers 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.