Abraham O. is from the town of Banga. He is 47 years old. Abraham is married and has three children aged 19, 17 and 11. To make a living, Abraham owns & operates a business planting and harvesting rice and corn for sale. Abraham has been engaged in farming for over 10 years and earns approximately 2,000 PHP a month for these activities. He also wants to raise pigs for fattening.
Abraham joined CEVI to gain access to financial services to help improve his living situation and ability to engage in business activities. Abraham has successfully repaid a previous loan from CEVI. Abraham is requesting a new loan of 8,000 PHP, which will be used to purchase fertilizers and two piglets. He plans to use the additional revenue generated from the business to improve the general living conditions of his family.
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.