Helen, 49, has 1-hectare rice field and a sari-sari store. Aside from that, she also raises pigs. At first, she borrowed money from other dealers to have capital but she only profits very little because of high interest. When Community Economic Ventures, Inc. came, it made it easier for her to secure additional capital and her business is progressing.
She is currently requesting a loan of 15,000 Php. This will allow her to buy farm supplies and groceries. She works as much as she can to support her family and her 3 children.
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.