Teresita C. is from the town of Banga. She is 49 years old. Teresita is married and has 5 school-aged children. To make a living, Teresita owns & operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting and harvesting rice for sale. Teresita has been engaged in her business for over 25 years.
Teresita joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Teresita has successfully repaid a previous loan from CEVI. Teresita is requesting a new loan of 15000 PHP which will be used to purchase general farm supplies & equipment. This loan will be the fifth loan taken out by Teresita from CEVI. She 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.