55-year-old Encarnacion E. is a rice farmer from Trento, Agusan del Sur, and has 4 children. She started farming in 2007. From this activity, her family’s daily needs were met. In need of additional capital for her farm, Encarnacion joined CEVI and is now on her first cycle.
She applied for a loan of 5,000 PHP, to be used to purchase farming necessities. Her loan will help sustain her farm, which is a major source of income for her family.
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.