Pania is a 63-year-old married woman from San Miguel, Bohol. She is the mother of an 18-year-old son, and she is a farmer. She has been growing rice for 23 years. She earns about 1,000 PHP a month by doing the farming.
She requested a loan of 12,000 PHP to buy fertilizers and pesticide for a better harvest. Pania would like to expand her business to support her family as well as to pay for her son's college 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.