52-year-old Levi J. is from the town of Banga. He is married and has 4 children. He still has children who go to school and he dreams for them to finish college and have a bright future. To make a living, Levi owns & operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes from planting and harvesting rice for sale. Levi has been engaged in his business for over 20 years and earns approximately 5000 PHP a month for these activities.
Levi joined CEVI to gain access to financial services to help improve his living situation and ability to engage in business activities. Levi is requesting a loan of 6000 PHP which will be used to purchase fertilizers such as manure. This will be the first loan taken out by Levi from CEVI. He plans to use the additional revenue generated from the business to supplement the family's income.
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.