Corazon G. is from the town of Bunawan. She is 52 years old. Corazon is married and has 4 children. To make a living, Corazon 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. Corazon has been engaged in her business for over 10 years. She is thankful for her farm because it helps her sustain her children's education.
Corazon joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Corazon has successfully repaid a previous loan from CEVI. Corazon is requesting a new loan of 13,000 PHP which will be used to purchase farm inputs like seeds and fertilizers. This will be the sixth loan taken out by Corazon 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.