Vicenta D. is 52 years old and married with ten children. She tills a small parcel of land, which she inherited from her father. Her life is in farming and she loves growing crops, especially rice. Vicenta believes that rice is an important commodity, and will always be a good business opportunity. Her husband, who is also a farmer, is her partner in sending all their children to school and in meeting the family needs.
Vicenta needs a loan of $125 to purchase sacks of certified seed and fertilizers. She also plans to open a store where she can sell her farm produce, and increase her profits to support her family.
CEVI always seeks what is best for its clients. Through credit assistance, training, and the insurance coverage they offer to entrepreneurs like Vicenta, CEVI benefits the lives of the people in the community.
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.