Nornie D. owns a 1-hectare (~2.5 acre) rice field. She has three children, the eldest of whom is 26 years old and wants to study in college. Nornie helps her husband to till their rice farm. When they are not busy on the farm, they visit their fish pond, which is their additional source of income.
She would like to request a loan of Php 12,000 from Community Economic Ventures Inc. She will use the loan to buy fish food and rice seeds. Land preparation is also expensive and the loan will definitely help pay the laborers who prepared the field for planting.
She joined in CEVI program last 2008 and she said, “ CEVI services really helped my family to finance our 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.