Fifty-year-old farmer Virgilio plows a rice field. He strives hard, working on his farm to support his five children. He wants his children to have a bright future. He wants to improve his farming to have a greater income.
He heard about Community Economic Ventures, Inc., a Kiva partner that offers financial assistance to entrepreneurs like him. He joined and requested a loan of 12,000 Philippine pesos to support his farm.
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.