Jocelyn L. is from the town of Aurora. She is 36 years old and married. To make a living, Jocelyn 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 primarily from planting and harvesting rice for sale. Jocelyn also put up a sari-sari store where she sells soy sauce, soap and other kinds of products. Her income from the store helps in their daily needs.
Jocelyn joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Jocelyn has successfully repaid a previous loan from CEVI. Jocelyn is requesting a new loan of 7000 PHP which will be used to purchase farm inputs and additional merchandise to sell. 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.