Gemma M. is from the town of Sto. Niño. She is 46 years old. Gemma is married and has one school-aged child. To make a living, Gemma owns & operates a business planting and harvesting rice for sale. Gemma works hard for her family, especially for the future of her child. She says she wants to give her child a bright future.
Gemma joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Gemma has successfully repaid a previous loan from CEVI. Gemma is requesting a new loan of 15,000 PHP, which will be used to purchase fertilizers and seeds. This loan will be the seventh loan taken out by Gemma from CEVI. She plans to use the additional revenue generated from the business to save as a reserve for future emergencies.
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.