Francisca B., 44 years old is a rice farmer. Everyday she tills her small hectare of rice field which she hopes could provide her family their needs like food, clothes, medicines and income to pay the school.
She is requesting a loan of Php 10,000 from Community Economic Ventures Inc. She will use the loan to buy the farming needs. receiving this loan is worthwhile because she doesn't have ready cash to support her business now. With her loan, she hopes that she will be able to double her harvest to support her family more.
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.