Estrella C. is from the town of Sto. Niño. She is 32 years old. Estrella is married and has 3 school-aged children. To make a living, Estrella 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 from planting and harvesting rice for sale.
Estrella joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Estrella has successfully repaid a previous loan from CEVI. Estrella is requesting a new loan of 12,000 PHP which will be used to purchase fertilizers such as manure. This will be the fourth loan taken out by Estrella from CEVI. She plans to use the additional revenue generated from the business to pay the tuition fees of her children.
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.