Reynaldo M. is managing a small parcel of rice farm. He is 32 years old and unmarried. He owns a 1.5 hectare farm that helps him satisfy his daily needs. "I want to grow this farm so that when I will have my own family, I can easily provide all their needs", he says.
He is asking a loan of PHP 6,000 from CEVI. He will use the loan to purchase insecticides, fertilizers and pay the laborers’ salaries. He thinks that with the loan he would be able to improve his harvest.
CEVI aims to help small business grow. It reaches out rural communities and encourages people to start their own livelihood. CEVI gives with not just loans but trainings and insurance coverage as well.
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.