Daniel M. is happy working in the rice field, voluntarily helping his parents earn a family income. He has been supporting his siblings to finish their studies. He dreams of having his own rice farm someday. Though he is still young, Daniel is starting to worry about his future.
The farm that he tills now is owned by his parents. He wants to make it productive to help them. He is looking for additional funds to buy the farm needs. He is requesting a loan of Php 10,000 from CEVI to purchase complete fertilizer, Urea, Crude oil, herbicides and to pay the other laborer on his farm.
Joining in The CEVI program develops more than business skills. He has an opportunity to meet other businessmen talking about their small enterprises. CEVI provides credit assistance, 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.