Erlinda O. is 61 years old this year. She is a widow and has four married children. She has had a farm since 1964. At present, she still manages to farm with the help of her laborers. Based on past experience, she will earned 20,000 PHP to 30,000 PHP every harvest.
She needs additional capital to run her business. She is asking for a loan of 15,000 PHP from CEVI. She will use the loan to buy fertilizers and other farm necessities.
CEVI helps small businesses grow. It provides its clients credit assistance, training and insurance coverage.
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.