Danilo manages a 1-hectare (2.5-acre) rice field in Surallah, South Cotabato and his harvest will reach up to eighty sacks of rice. He is 42 years old with six children, the eldest being 20 years old. He strives hard at his work to let his children finish their studies.
Danilo would like to have additional capital for his business and joined Community Economic Ventures, Inc. because it has a low interest rate. He’s now requesting a loan of Php 15,000 to buy supplies needed for 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.