Izro D. is from the town of Banga. He is 42 years old. Izro is married and has two school-aged children. To make a living, Izro owns & operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes from planting and harvesting rice for sale. Izro works hard to sustain his family, especially his children's education.
Izro joined CEVI to gain access to financial services to help improve his living situation and ability to engage in business activities. Izro has successfully repaid a previous loan from CEVI. Izro is requesting a new loan of 12,000 PHP which will be used to purchase fertilizers such as manure. He plans to use the additional revenue generated from the business to pay the tuition fees of his children.
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.