Armando started his business 22 years ago. He invested in rice farming. He tills his land himself and plants rice crops. He sells his harvest to his community. Armando is happy that his business is improving little by little. He is the provider in his family that's why he works hard to sustain his family.
Armando is applying for a loan of 20,000 PHP which he will use to buy seeds, fertilizers and other farm inputs. He plans to use the additional revenue generated from the business to pay for his 3 children's education.
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.