32-year-old Analiza sells agricultural products for a living. She has been married to her husband Cesar for 11 years. She prays for her business to grow so that her family’s living conditions will improve. She currently needs additional capital. She turned to an MFI, Community Economic Ventures, Inc. She applied for a loan of PHP8,000. She will use this loan to buy products like bananas and other crops. This loan will help grow Analiza’s 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.