Teodoro, 39, lives in Agusan Del Sur where he has a rice-farming business. He devotes his time to working in his rice field.
Teodoro heard about Community Economic Ventures, Inc. that offers financial support to entrepreneurs like him, and he later joined on 2009.
Teodoro’s business is continually growing and now he is requesting a loan of 12,000 Php. This amount will be helpful to sustain his business with a low interest charge.
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.