Sonia R., a 55-year-old farmer, grows rice for a living. She became a Community Economic Ventures Inc. (CEVI) client in April 2009. Now, its her second loan from CEVI and she wishes to obtain a bigger loan to be able to grow her business and increase her profit.
Sonia would like to ask for a loan of Php 8,000 from CEVI to fund her farm. By buying farming necessities, she thinks that she will be able to improve her harvest.
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.