Loreta N., a rice grower from Trento Agusan Del Sur wishes to obtain a loan. She wants to increase her harvest by buying all the farm supplies she needs.
Loreta has seven children, her eldest being 19 years old. She is quite happy with the income she earns from her rice farm.
Loreta hopes to receive a loan of Php 5,000 from Community Economic Ventures, Inc. because, aside from the fact that it is providing the loan, it also enrolls all its clients in an insurance program.
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.