Herlita B., 29, is from the town of Sta. Josefa. She is married and has two children aged 9 and 11. To make a living, Herlita plants, harvests and sells rice. Herlita keeps the farm free of weeds and pests and hopes to increase her harvest.
Herlita joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Herlita has successfully repaid a previous loan from CEVI. Herlita is requesting a new loan of 16000 PHP to purchase farm inputs like rice and fertilizers. This loan will be her ninth from CEVI. She plans to use the additional revenue generated from the business to pay for her children's tuition fees.
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.