Cecilia G. is from the town of Banga. She is 46 years old. Cecilia is married and has two children, ages 12 and 9. Her wish is for her children to finish college and have bright futures. To make a living, Cecilia 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 & harvesting corn for sale. Cecilia is just starting this business.
Cecilia joined CEVI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Cecilia has successfully repaid a previous loan from CEVI. Cecilia is requesting a new loan of 10,000 PHP, which will be used to purchase farm inputs, such as seeds.
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.