Margelyn A. is 40 years old and has a farm. She manages to grow rice so that she will be able to help her family buy food, clothing and other basic needs. She has been a farmer since she was born. Her parents are farmers and all her life was spent on the farm.
She would like to grow her business. She needs additional capitalization and requests for a loan of Php 15, 000 from Community Economic Ventures Inc. She plans to buy farm supplies so that she will be assured of a quality harvest and income. The loan will truly help her expand her business 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.