Precila M. is 62 years old and is happy with her supportive husband and her seven children that she cares for.
Precila is a rice grower and started her farm in 1967. She helps her husband manage a 1-hectare (2.5-acre) farm. Before her first loan in Community Economic Ventures Inc. (CEVI), it was really difficult to sustain her livelihood.
Precila has requested a loan of Php 12,000 from CEVI. She will use the loan to finance her farm like buying fertilizer and seed. She hopes everything will result in prosperity and an abundant harvest for her 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.