Erlinda is a farmer from Bien Unido, Bohol, Philippines. She is 62 years old and has been in the farming business together with her husband for more than 40 years now. Erlinda needs a loan to buy additional fertilizer and pesticides for their rice field. Erlinda hopes to make her business a success. She saves money for the reinvestment into the business so that it will generate more revenue and she can repay her loan on time.
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.