Cecilia T. owns a small parcel of land. She uses it to plant rice to support her family. Her husband, Larry T., is the one who manages the farm. To ensure a better yield, they check their farm every day; they remove the weeds and watch so the birds do not eat the rice. She is 36 years old and has three children who are students.
She is asking for a loan of Php 15,000 from CEVI. She will use the loan to buy fertilizer and herbicides. The loan will truly help her have a better yield. She is also interested in looking for some other line of business to augment their income. In that way, she believes, she could well support the needs of her children.
CEVI helps her sustain her business. Now she enjoys having credit assistance, training and insurance coverage.
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.