A 60-year-old farmer from Bien Unido, Bohol, Bonifacio has been engaged in the rice farming business for more than 20 years. This is the source of his income; rice farming is a lucrative venture in his locality.
Bonifacio is asking for a loan to buy additional fertilizer and pesticides for the farm. With this, he will be able to improve his farm and his harvest.
Bonifacio hopes to make his business a success and save money for reinvestment in the 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.