Evelyn T. is from the town of Sto. Niño. She is 55 years old, married, and has 7 children. To make a living, Evelyn owns & operates a business venture in the agriculture sector raising crops. The main source of income for the business comes from planting, harvesting, and selling rice. She has been engaged in her business for over 26 years.
Evelyn joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan from CEVI, and is requesting a new loan of 15,000 PHP, which will be used to purchase seeds, fertilizers and other farm essentials. This will be Evelyn’s seventh loan from CEVI. She plans to use the additional revenue generated from the business to improve it.
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.