"My husband and I have been farming since the start of our marriage. We have been tilling the land for 12 years already. We use the 2 and 3/4 hectare farm to buy the things that we need," says Marly L., 39-year old mother of four children.
She would like to ask for a loan of PHP 10,000 from CEVI. She will use the loan to purchase fertilizers and chemicals. In doing so, she thinks that her loan will help increase their harvest.
CEVI provides financial services to the poor. CEVI gives not just loans but trainings and insurance 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.