Virgilio P. is a 49-year-old farmer. His main crop is rice. He saves half of his rice harvest for family consumption and sells the remaining half to his friends for additional income for his family.
He would like to ask for a loan of Php 10,000 from Community Economic Ventures Inc. He will use the loan to buy fertilizers and pay the laborers who help prepare the farm.
He wishes that someday he could buy more farms so that he could better support his five children.
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.