Alex M. joined CEVI in October 2007. He is pleased with the CEVI program because it offers a valuable service of loans with only 2% interest per month which he believes is good and acceptable. Alex is a farmer, and rice is his main crop. His wife Josephine M. also helps him. They have been married since 2001. He utilizes all his harvest to buy the things they need in their home like food, clothing, and the education of his eldest child who is now 6 years old. He is asking Community Economic Ventures Inc. for a loan in the amount of PHP 15,000 which he will use to pay the laborers who work on his farm.
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.