Madiore T. owns a small rice farm. She is 45 years old and the mother of three children. The proceeds of her farm go to purchasing the basic needs for their family. Aside from rice, she plants vegetables in their backyard, a short distance away from their house.
She is asking for a loan of PHP15,000 from CEVI. She will use the loan to pay for the manpower during land preparation. Preparing the land is the most crucial thing to achieve a better yield. She hopes that with her loan she can have better returns from her farm.
Through CEVI, Mrs. T. is able to sustain her livelihood all the more. CEVI helps her get a loan, as well as training and insurance coverage services.
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.