Ernesto C. is a 59-year-old father of five children. His children are already married and now only he and his wife work in the field for income. Ernesto would like to request a loan of Php 8,000 from Community Economic Ventures Inc. He will use the loan to finance his farm and his efforts to produce an abundant harvest. Receiving this loan is truly worthwhile since he currently doesn't have the money himself to support the business.
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.