To own a turtle machine (an item of farm equipment), is 49-year-old Charlito D.’s long-term goal for his rice farming business. Because of this, he is determined to improve the business’s present status. He owns five hectares of land yet he sometimes experiences disappointments during harvest due to materials deficiency. This made him decide to apply for a loan from the Community Economic Ventures Inc. (CEVI) in the amount of Php 15,000.00.
Aside from being a businessperson, Charlito is a supportive breadwinner for his wife and two children. He looks forward to providing them not just with their material needs but also nourishing their spiritual appetite. It’s a good thing that Charlito always gets fresh biblical reflections from their group meetings in CEVI that he also relays to his household.
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.