Imelda D. owns a small rice field. She is 49 years old and has seven children. She has been engaged in this business for 20 years. Her husband, Juan D., is the one managing their business to provide all the needs for their family.
She needs a loan of PHP 10,000 from CEVI. She will use the loan to buy fertilizer and other farm necessities. The loan will also help her expand her business even more.
CEVI is reaching out to farmers to be able to sustain their livelihood. CEVI provides their clients 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.