Glenda is a 35-year-old married woman with seven children. Her oldest child is age fifteen. She has a motorcycle which her husband drives to provide public transport. It is her source of income and she hopes to prosper so she can sustain her children’s education. She is currently applying for a loan of 7,000 PHP from CEVI, which she will use to buy spare parts for her motorcycle. This loan will truly help Glenda maintain her 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.