Charlyn E. is from the town of Talibon. She is 31 years old. Charlyn is married and has 3 school-aged children. To make a living, Charlyn owns & operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for fattening and sale.
Charlyn joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Charlyn is requesting a new loan of 6000 PHP which will be used to purchase young livestock to raise & sell in the future. This loan will be the first loan taken out by Charlyn from CEVI. She plans to use the additional revenue generated from the business to pay the tuition fees of her children and improve 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.