Paterno is a 45 year old father of six. Paterno is a rice farmer and he strives to support his children through hard work. He wants to continue to send his children to school so they can finish their studies. His eldest child is 18 years old.
Paterno wants to improve his farming and increase his earnings. He heard about Community Economic Ventures, Inc. that offers financial assistance to entrepreneurs like him. He joined and requested a loan of 15,000 Php to support his 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.