Rice farming is the main source of living of Mary Emy, 54. She supports two children in her family. Her 1-hectare (2.5-acre) rice field is just enough to provide their basic needs.
Mary Emy joined Community Economic Ventures, Inc. to obtain a loan with a low interest rate to finance her business. She’s requesting 8,000 Php to buy farm necessities and to sustain her family.
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.