Genevieve is 30 years old and owns a rice farm. She manages this farm very carefully because it is the source of her income. She needs to buy equipment, and has turned to CEVI, a microfinance institution in the Philippines, for a loan of PHP 9,000. Genevieve will will use this loan to upgrade her farm, produce an abundant harvest, and increase her income.
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.