Tessie C. is from the town of Surallah. She is 46 years old and married. She has six children, the younger of whom still go to school. To make a living, Tessie raises crops. The main source of income for the business comes from planting and harvesting rice to sell. Tessie works hard to sustain her children's education.
Tessie joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Tessie has successfully repaid a previous loan from CEVI. Tessie is requesting a new loan of 15,000 PHP, which will be used to purchase sacks of fertilizers and other farm supplies. 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.