Henry C. grows rice for a living. He tills 3 3/4 hectares of land that he inherited from his parents. He is also a fisherman. If he is not busy on the farm, he goes out fishing to catch some fish to eat. He is 53 years old and the harvest that he gets from the farm has made it easier for him to feed and clothe his family.
He is asking for a loan of PhP 13,000 ($275) from CEVI. He will use the loan to buy fertilizers and other farm inputs. In this way, he believes he will have a better yield. His harvest will be for his family's use, and the rest will be sold to rice traders in their village.
CEVI helps people start and establish their own businesses. Through the credit assistance, trainings and insurance coverage that CEVI gives to all their clients, more and more people are able to make their small 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.