Rudy C. is from the town of Bunawan. He is 56 years old and married with five school-aged children. To make a living, Rudy owns and operates a business venture raising crops. The main source of income for the business comes from planting and harvesting rice and corn for sale.
Rudy joined CEVI to gain access to financial services to help improve his living situation and ability to engage in business activities. Rudy has successfully repaid a previous loan from CEVI. Rudy is requesting a new loan of 15000 PHP which will be used to purchase seedlings and fertilizers. This will be his sixth loan from CEVI. He plans to use the additional revenue generated to improve and expand his business.
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.