Exaltacion D. is a 58-year-old widow and the mother of three children. She has a small rice farm which is 1 hectare (2.5 acres) in size. She dreams of making it more productive in honor of her parents who gave her the farm.
Now, Exaltacion needs a little help to keep going with her business. She would like to apply for a loan of Php 5,000 to purchase two bags complete fertilizer and chemicals.
Exaltacion chose CEVI because of its services. CEVI provides not just loans but education as well to enable entrepreneurs to manage their businesses.
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.