Carmen C., 52 years old, is a rice farmer in Norala, South Cotabato. She started her business in 1990 and is still tilling her farm hoping that she will be able to have an abundant harvest.
When she started farming, Carmen said that it was really difficult, especially since the farm needed enough capitalization to grow rice. She was happy that she joined CEVI and was able to get access to small loans.
Now, Carmen would like to apply for a loan of Php 12,000 from Community Economic Ventures, Inc. She will use the loan to buy farm supplies to grow her crops well.
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.