Sylvia M. owns a small rice field in their village. Majority of her time, she tills the farm to be able to help her husband earn adequate income to buy food and other basic needs at home. She has three children. Her eldest child is 14 years old only. Now, she is a bit worried where to get money to support the college education of her child.
She wanted to grow the size of her harvest that is why she applied for a loan of Php 9,000 from Community Economic Ventures Inc. She will use the loan to buy farming nnecssities like rice seeds. Some of the loan will be used to pay the laborers who helped during land preparation.
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.