Hydie H. is managing a small rice field. She has four children, the eldest is 14. Her husband is a farmer and they work together to improve their harvest to support their children.
Now, the family is preparing the farm for another planting. They need additional money to buy farming materials. She would like to apply for a loan of 7,000 Philippine Pesos at Community Economic Ventures Inc. She will use the loan to buy farm supplies and fertilizers.
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.