Ricardo spent his entire life being a farmer. Now, he is 57 years old and married. His wife is also a farmer. He has doing this business for 30 years now.
Aside from rice, he also raises swine to supplement their family income. He earns about 26,500 Philippines pesos (PHP) per harvest.
Ricardo needs a loan to support his livelihood. The loan will help him buy seeds, fertilizers and pig feed.
In the future, Ricardo hopes to have an improved living situation.
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.