Imelda D. is the mother of seven children. She is able to sustain her family through rice farming. Aside from farming, she also has a sideline cutting hair. She is 50 years old, living in Surallah, South Cotabato. The income she receives sends her children to school. Imelda would like to take out a loan to help support her business. She has joined Community Economic Ventures, Inc. and is requesting a loan of 10,000 pesos.
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.