Mary Jean, at the young age of 18, cultivates a rice field to earn a living. She needs more farm materials to run her rice-farming business in Bunawan, Agusan Del Sur. As a member of Community Economic Ventures, Inc., she asked for a loan of 11,000 Philippine pesos. This will be enough help to provide the supplies for her rice field.
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.