Ruth D. is from the town of Banga. She is 58 years old. Ruth is married and has three adult children. To make a living, Ruth raises livestock. The main source of income for the business comes from raising pigs for fattening and sale. Ruth is also involved in making barquillios, a thin-rolled cookie that is popular in the Philippines. She sells barquillios to friends and other people in her community.
Ruth joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Ruth has successfully repaid a previous loan from CEVI. Ruth is requesting a new loan of 12,000 Philippine pesos (PHP), which will be used to purchase livestock feed and ingredients for making barquillios. This will be the fourth loan taken out by Ruth from CEVI. She plans to use the additional revenue generated from the business to save as a reserve for future emergencies.
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.