Jocelyn L. has been a CEVI client for seven years now. She has a rice farm that secures all her family's needs, including food and other costs in their home. Her 2-hectare farm produces an average of 180 sacks per harvest. She has seven children who are not living with her anymore. Her eldest is 35. She has grandchildren, who she also supports.
She needs additional capital to finance her farm. She would like to request a loan of 15,000 PHP to buy farming supplies. She will also use some of the loans to start another business, to supplement the family income.
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.