Sharon Y. is from the town of Banga. She is 26 years old, single, and has a 9-year-old child. To make a living, Sharon owns & operates a business venture in the agriculture sector raising crops. The main source of income for the business comes from planting, harvesting and selling rice. She has been engaged in her business for over 7 years.
Sharon joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan from CEVI, and is requesting a new loan of 8,000 PHP, which will be used to purchase fertilizers such as manure. She plans to use the additional revenue generated from the business to improve it and to start a reserve fund for emergencies.
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.