Teodula is 51 years old and the mother of 3 children, her eldest is 27 and the youngest is 18. Her family lives in San Miguel, Bohol. She is used to farming since having her family, this has been their source of livelihood.
Like most mothers, Teodula wanted her children to have a life that offers a brighter future. She realized that she could do better with her farming if given financial assistance, so she requested a loan to be used for buying seedlings and fertilizers. The extra income that she can get from her business will be used for her family’s daily consumption and her children’s education.
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.