Fe A., 48 years old owns a small rice farm. This helps her buy the things that her family needs, like food, clothes and other basic necessities. She said that if she will not work hard on her farm, she won’t get anything for her family. Now, she is having difficulty in maintaining her 1-hectare farm because of financial constraints in the family. She would like to apply for a loan of PHP 9,000 at Community Economic Ventures Inc. She will use the loan to buy fertilizers and farm supplies.
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.