Mr. Erwin B. is a 36-year-old man who has two children with the oldest 8 years old.
Erwin is into farming, growing rice crops on his land. Aside from that, he also owns a furniture shop where he keeps himself busy when farming duties do not call.
Erwin wants to grow his business so he can help improve his family’s living conditions. He applied for a loan of Php 12,000 from CEVI to add to his working capital. He will use this loan to purchase farm supplies like seeds and fertilizers.
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.