Florenda, age 58, is a corn farmer from Agusan Del Sur. She is married and has 7 children. Before joining CEV, she did not have enough money to buy farm supplies. High interest rates made borrowing difficult. Now, Florenda is thankful that she joined CEV. She can now purchase farm supplies with cash and repay a loan with low interest rates.
She has requested a loan of Php 12,000 from CEV. Florenda will user her loan to buy the supplies that she needs to produce a healthy crop and a good 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.