33-year-old Cecilia L. owns a hectare of rice field. She is married to Rey L. and they have 5 children, with 16 years old as the oldest. Her harvest experience varies from good to not so good. But she is thankful nonetheless especially if the price of rice is high during harvest time. Cecilia is in need of additional financial support. She requested to loan Php15, 000, which she will use to finance her farm. This loan will help Cecilia in her farming 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.