Aida is a 24-year-old married woman and has three young children. They live in Ubay, Bohol, Philippines. She has engaged in rice farming together with her husband for more than 2 years now. This has been the source of their income.
Aida wants to expand her business but lacks the financial resources to do so. She joined CEVI to gain access to the financial services offered by the organization to the micro entrepreneurs like her. She is applying for a loan to buy fertilizer and pesticides for the farm. With this, she will be able to improve their crops and eventually their harvest.
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.