Myrna P., 46 years old, owns a small rice farm. A mother of seven children, her eldest child, 26, helps her grow rice. The income that her family makes from this enterprise really helps pay the daily expenses in their home. Because she desires a good life, Myra is doing the very best she can to maximize the harvest and earn a better income. A farmer for many years now, she hopes to make her business more prosperous and buy another farm in the future. Myrna is now requesting a loan of Php 6,000 from Community Economic Ventures Inc. which she will use to buy farm supplies 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.