Leonida lives in the town of Banga with her family. She is married and has a 16-year-old child. To make a living, Leonida plants and harvests rice for sale. Leonida works hard to improve her business.
Leonida joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Leonida has successfully repaid a previous loan from CEVI.
Leonida is requesting a new loan of 10,000 Philippines pesos, which will be used to purchase seeds and fertilizers. She plans to use the additional revenue generated from the business to pay her child'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.