Chera Mae, at the age of 19, has a business raising hogs. She started her business in 2007. She joined Community Economic Ventures, Inc. because of its good program in micro financing. She is now requesting a loan of 12,000 PHP to buy more pigs and feed. This loan will enable her to raise more pigs and earn more for a living. As of now, she has eight pigs, but she is looking forward to raising more by having additional capital for her business.
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.