Salvacion S. is from the town of Santo Niño. She is 59 years old. To make a living, Salvacion owns and operates a business planting and harvesting rice for sale. Salvacion has been engaged in her business for over 25 years.
Salvacion joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Salvacion has successfully repaid a previous loan from CEVI.
Salvacion is requesting a new loan of 8,000 PHP which will be used to purchase additional rice seeds, fertilizers and other farm inputs. This loan will be the second loan taken out by Salvacion from CEVI. She plans to use the additional revenue generated from the business to financially support her family.
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.