"Before, I was about to give up when we failed in our business. But opportunity knocked again when CEVI came and gave us capital to support our business. I am a farmer and I am managing a 5-hectare farm with my husband. In as much as we like to grow our business, all we can do is to work harder to achieve an abundant harvest on our farm," says Wevina C., a 50 year old mother of five children.
Now she would like to ask for a loan worth Php 10,000. She will use the loan to purchase herbicides and insecticides. The loan will truly help, especially in achieving an abundant harvest for the family.
CEVI helps small business grow. She received 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.