Edmundo M. is the father of five children. He is 62 years old and still plowing with the carabao, a farm animal typically used by Filipinos to plow fields. Currently, he owns a 1-hectare farm that he bought from his little savings when he was younger.
He needs a loan to support the needs in his rice field. A loan of Php 14,000 will help him buy sacks of rice seeds and pay the laborers who helped prepare the land for planting.
He said this is his fifth loan from CEVI. He has stayed this long in the program because he likes the services and the staff is very friendly 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.