Mrs. Magdalena G. does farming for a living. She is 63 years old and married with eight children. Her older children are already married. She continues farming to help provide for her family. She wants her grandchildren also to benefit from her business. Aside from farming, she also sells fruits and vegetables. She hopes for her business to grow.
Magdalena is requesting a loan of 8,000 PHP. She will use it to buy fertilizers and other farm supplies she needs.
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.