Judith G. is a 55-year-old widow who has three grown children, the oldest of whom is 36. Judith earns a living by farming and running a small store. She plants and harvests rice, and her sari-sari (or variety) store contains different products that people in her community need every day. Although her children are all grown now, she still wants to help provide for their household needs.
Judith is hoping to increase her income, and would like to buy seeds and fertilizer for her farm and additional merchandise to sell in her store. To pay for these items, she has applied for a loan of 5,000 PHP from CEVI.
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.