Elma D. is from the town of Bunawan. She is 41 years old. Elma is married and has 7 school-aged children. To make a living, Elma 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 primarily from planting and harvesting rice for sale. Elma has been engaged in her business for over 7 years.
Elma joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Elma has successfully repaid a previous loan from CEVI. Elma is requesting a new loan of 10,000 PHP which will be used to purchase fertilizer such as manure. This loan will be the sixth loan taken out by Elma from CEVI. She plans to use the additional revenue generated from the business to pay the tuition fees of her children.
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.