Christie Ellen A. is a 26-year-old corn farmer from Bunawan, Agusan Del Sur. She has four children. Her eldest child is only 8 years old. She likes being a farmer because she is able to eat fresh food coming from her farm. She said she needs additional capital for her business to buy farming necessities; that is why she has requested a loan of 10,000 Philippine pesos from Community Economic Ventures Inc.
She will use the loan to grow her harvest so that she could be able to buy the basic needs for their family. She said she likes CEVI services a lot because its program is helping a lot of people start a new business. She is delighted with CEVI's 2% interest rate because it is very low and affordable to repay.
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.