Rice farming is the main source of income for Conchita, 47. She supports two children in her family. Her 2-hectare rice field is just enough to provide their basic needs. She joined Community Economic Ventures, Inc., a Kiva partner, to seek a loan to finance her business with a low interest rate. She’s requesting 15,000 Philippine pesos to buy farm necessities and 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.