Avelino C. is from the town of Sto. Niño. He is 60 years old. Avelino is married and has 1 child. He is a rice farmer and supports his family through farming. His wife helps him sell his harvest to the market. Avelino says he wants to improve his earnings so he can keep up with the increasing needs in his household.
Avelino joined CEVI to gain access to financial services to help improve his living situation and ability to engage in business activities. Avelino is requesting a loan of 15,000 PHP, which will be used to purchase fertilizers, such as manure. He plans to use the additional revenue generated from the business to improve the general living conditions of his family.
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.