Asuncion L. is from the town of Bunawan. She is married and has six children. To make a living, Asuncion owns & operates a business venture planting and harvesting rice for sale.
Asuncion joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Asuncion has successfully repaid a previous loan from CEVI. Asuncion is requesting a new loan of 5,000 PHP, which will be used to purchase general farm supplies & equipment. She plans to use the additional revenue generated from the business to support her family financially.
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.