Teresita, 46, spends a lot of time managing her rice-farming business. She enjoys working on the farm because it provides for the food, shelter and clothing of her family. She is married to Wilfredo and they have five children.
She would like to continue working on her farm for the sustenance of her family but is limited as to financing the business. That’s why she joined Community Economic Ventures, Inc.: to be able to take a loan intended for her business. She requested a loan of 8,000 Philippine pesos, enough to buy materials and supplies she needs for the farm.
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.