Loreta is a married woman from Ubay, Bohol. She has 11 children. The youngest child is 6 while the oldest is 26. She engages in farming. She has been growing rice for 20 years. Aside from farming, Loreta also has a food vending business.
Loreta requested a loan of 8,000 Philippine pesos to buy fertilizers, pesticides and more rice seedlings to improve the volume of her harvest. In the future, she would like to expand her business to support her family as well as to send her children to school.
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.