Fifty-four-year-old Francisca lives in the town of Bunawan with her family. She is a rice farmer. Francisca works hard to keep her crops healthy and the farm free of weeds and pests. Francisca also grows pigs for fattening and sale. Francisca works hard to provide her family with their daily needs.
Francisca joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Francisca has successfully repaid a previous loan from CEVI. Francisca is requesting a new loan of 13,000 Philippines pesos, which will be used to purchase farm inputs such a seeds and fertilizers.
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.