Teresita J., the 27-year-old mother of two children, grows rice on her farm. Her life is totally focused on farming, because this where they get money to pay school fees, water and electricity bills, and to meet the needs of her family. She and her husband work together to raise enough food for the family. They plant rice because they love the work and find it very profitable for the whole family.
She is asking a CEVI loan of Php 12,000 to purchase the fertilizer and pesticide that her farm needs. She believes that, by doing so, she can triple her yield and earn bigger profits in her business. She also is looking into some other possible areas to augment their income. She will also use part of the loan to start another line of business. They dream of having their children graduate from college and finish a degree.
CEVI helps Teresita sustain her business. CEVI will continue to spread the seed of service to uplift the lives of the Filipinos. Through its microfinancing program, everybody is able to start a business. They are also provided with credit assistance, training, and insurance services to help their businesses grow.
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.