Elizabeth M. is from the town of Bunawan. She is 48 years old. Elizabeth is married and has four children. Her eldest child is 28 years old, while the youngest is 22. To make a living, Elizabeth raises crops. The main source of income for the business comes from planting and harvesting rice and corn for sale. Elizabeth works hard to help improve her family's living conditions.
Elizabeth joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Elizabeth has successfully repaid a previous loan from CEVI. Elizabeth is requesting a new loan of 10,000 Philippines pesos, which will be used to purchase fertilizers such as manure.
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.