Emily E. is from the town of Banga. She is 39 years old. Emily is married and has 4 school-aged children. To make a living, Emily owns and operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting and harvesting rice for sale. Emily dreams to be a successful businesswoman someday.
Emily joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Emily has successfully repaid a previous loan from CEVI. Emily is requesting a new loan of 8,000 PHP which will be used to purchase farm supplies like seeds and fertilizers. She plans to use the additional revenue generated from the business to pay for her children's tuition fees and make improvements to their house.
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.