Rosaleen F. is from the town of Banga. She is 46 years old. Rosaleen is married and has two children aged 12 and 7. To make a living, Rosaleen raises crops. The main source of income for the business comes from planting and harvesting rice for sale. Rosaleen also manages a sari-sari store where she sells a variety of different products.
Rosaleen joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Rosaleen has successfully repaid a previous loan from CEVI. Rosaleen is requesting a new loan of 8,000 Philippines pesos (PHP) which will be used to purchase seeds, fertilizer, and additional merchandise to sell. She plans to use the additional revenue generated from the business 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.