48-year-old Lorna E. owns a small rice field in their village. She has four children who are all studying and a husband, Leopoldo E., who manages their farm. It was in the year 1980 that they started farming. They have been doing the same thing because they are able to earn a better income from growing rice, which helped sustain their family for years now.
However, she is currently needing additional capital for her business. She would like to ask for a loan worth Php 10,000 to buy fertilizer and chemicals. She hopes that by making this move, she will be able to improve their harvest.
Lorna chose CEVI because of its services. She receives not just loans but education as well to run her business.
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.