Hyrea B. is from the town of Sto. Niño. She is 41 years old and has 5 school-aged children. Hyrea owns & operates an agricutural business, planting and harvesting rice for sale. Hyrea has been engaged in her business for over 15 years.
Hyrea joined CEVI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan from CEVI. Hyrea is requesting a new loan of 15,000 PHP which will be used to purchase additional seeds, fertilizers and other farm inputs. This loan will be the seventh loan taken out by Hyrea from CEVI. She plans to use the additional revenue generated to improve the general living conditions of her family.
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.