Genevive P. is from the town of Banga. She is 32 years old. Genevive is married and has two children, aged 10 and 2. To make a living, Genevive runs a general store. The main source of income for the business comes from selling a variety of different products in the local community. Genevive also grows chickens and she hopes to acquire more chicks to grow.
Genevive joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Genevive has successfully repaid a previous loan from CEVI. Genevive is requesting a new loan of 8,000 Philippine pesos, which will be used to purchase a sack of feeds, broiler chicks and additional merchandise to sell. She plans to use the additional revenue generated from the business to support her family financially.
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.