Carmelita is a 60-year-old woman from San Miguel, Bohol. She has been engaged in the farming business for 40 years now. She raises rice plants in this area. This is the source of her income.
Carmelita is requesting a loan to buy fertilizer and a sprayer and pay for labor. This will be used in her farming business. Through this loan, she will be able to buy such things.
In the future, Carmelita hopes to expand her business.
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.