Alma O., 29, is from the town of Sta. Josefa. She is married and has a 3-year-old child. To make a living, Alma owns and operates a farming business, with most of her revenue coming from planting and harvesting rice for sale. Alma has been engaged in her business for over 5 years. She is saving money she earns to be able to pay for her child's future education.
Alma joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has already successfully repaid her first two loans from CEVI and is now requesting a new one - in the amount of 8,000 PHP - which will be used to purchase general farm supplies and equipment. Alma 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.