Elena has one hectare of farmland that she wishes to harvest. Last harvest, she managed to produce 80 sacks of rice. She is aiming to produce the same, if not more this time around. She also will use the loan to buy feed for her two female pigs who are both producing piglets. She sells the piglets at the local market. Elena really wants her two businesses to do well so that her two children can enjoy a good education. Elena started borrowing in 2008 and is really grateful for the progress she has been able to see so far.
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.