Lerma C. is from the town of Surallah. She is 62 years old and married. To make a living, Lerma 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. Lerma also owns and manages a sari-sari (variety) store where she sells coffee, sugar and other products.
Lerma joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lerma is requesting a new loan of 6000 PHP which will be used to purchase fertilizers and seeds. This loan will be the first loan taken out by Lerma from CEVI. She plans to use the additional revenue generated from the business to improve her family's living condition.
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.