Irish A., a 24-year-old rice farmer, has two children. Because her eldest child is already six years old, she is worried about how to manage their income when her child starts going to school. She would like to expand her rice farm and has been busy preparing it for the next planting. But, she said, she still needs additional money to complete the process. She wants to apply for a loan of Php 12,000 from Community Economic Ventures Inc. to buy farm supplies and fertilizer.
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.