Rice farming is the main source of income of Letecia L.. She is 70 years old, living in Sto. Niño, South Cotabato with five children. She manages a one hectare rice field. She needs financial assistance to sustain her farm. She has joined Community Economic Ventures, Inc. because of its low interest charge for financing. She's requesting a loan of Php 5,000 to buy farm inputs.
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.