Nicolas N. is from the town of Banga. He is married and has two children aged 21 and 17. To make a living, Nicolas raises rice for sale. His top priority is his children's education and he is working hard to achieve it.
Nicolas joined CEVI to gain access to financial services to help improve his living situation and ability to engage in business activities. He has successfully repaid a previous loan from CEVI and is requesting a new loan of 15000 PHP to purchase seeds and fertilizer. He plans to use the additional revenue generated from the business to pay his 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.