38-year-old Emma P. is an active member of the Community Economic Ventures Inc. (CEVI). She is married to Rovencio P. and is the mother of five.
Emma engaged herself to her rice farming business and toiled their one-hectare (2.5-acre) rice land with her husband. But, like any other struggling businessperson, Emma had her fair share of difficulties before reaching her present business stability. She had faced insufficiency of funds when she was starting but the strength of her determination led her to victory over the odds.
And now, as she continues to support her husband in providing their family’s basic needs and their children’s education, Emma is asking CEVI for a loan amounting to Php 15,000 to sustain the business, specifically in purchasing farming necessities.
Emma expressed her reasons for joining CEVI: according to her, aside from the institution’s capability to lend her the needed additional capital, she is pleased to enjoy the insurance and the chance to mingle with other people during cluster meetings.
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.