Salvacion T. is a rice grower. During harvest, she sells her rice to traders in their hometown. She is a 51-year-old mother of one child. Her husband and son are working their 1-hectare rice field. They never complain about working under the heat of the sun while they plow the field. Farming is their main source of livelihood. This is where they get enough money to pay for all their needs.
Salvacion is requesting a loan to purchase fertilizer. Through this loan, she believes that they can double their yield. In this way, they will be able to send their son to college and meet the needs of their family. Salvacion also wants to try another line of business to augment their income. This loan will help her to sustain their farm and to start a new business.
Salvacion is one of the many clients served by CEVI. CEVI offers credit assistance, training, and insurance coverage services to the poor.
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.