Lucia T. has three children aged 16, 14 and 3. She is engaged in farming. She particularly plants and harvests rice crops. Farming has been her family's source of income for more than a decade now. Lucia does her best to keep the farm productive. She wishes to have an extra source of income to help provide for her family's needs.
Lucia currently needs seeds, fertilizers and other farm inputs. She applied for a loan of 17,000 PHP from CEVI, which she will use to buy what she needs for the farm.
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.