Nemia M. is from the town of Sto. Niño. She is 37 years old. Nemia is married and has 4 children. Her eldest is 8 years old while the youngest is only 1. To make a living, Nemia 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.
Nemia joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Nemia has successfully repaid a previous loan from CEVI. Nemia is requesting a new loan of 15000 PHP which will be used to purchase seeds, fertilizer and other farm supplies. She plans to use the additional revenue generated from the business to support her family financially.
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.