Nilo makes a living growing rice. He tills his own land situated in the town of Sto. Niño, South Cotabato and sells his harvest to his community. Nilo works hard to provide for his family. His 3 children go to school and he aims for them to finish college and have bright futures.
Nilo joined CEVI to gain access to financial services to help improve his living situation and ability to engage in business activities. Nilo has successfully repaid a previous loan from CEVI. He is requesting a new loan of 17,000 PHP 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.