Virginia is a 48-year-old married woman from Talibon, Bohol. She has nine children. The oldest child is 24, while the youngest is 5. She is engaged in farming. She grows rice. She has been growing rice for 15 years. Her husband is a tricycle driver. Since his income is not enough to finance her farming business, Virginia requested a loan of 7,000 PHP (Philippines pesos) to buy fertilizers. In the future, Virginia would like to expand her farming business to support her family as well as to finance her children's schooling.
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.