44-year-old John R. is from the town of Sto. Niño. He is married and has two children. His older child is now aged twenty. John's business is rice farming. He tills his own land where he plants and harvests rice crops. He also owns a sari-sari store that his wife runs. He has been farming for eleven years now and hopes to have a stable income for his family.
John joined CEVI to gain access to financial services to help improve his living situation and ability to engage in business activities. John has successfully repaid a previous loan from CEVI. John is requesting a new loan of 10,000 PHP which will be used to purchase fertilizers such as manure and piglets. This will be the third loan taken out by John from CEVI. He plans to use the additional revenue generated from the business to supplement the family's income.
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.