Milagrosa E. is from the town of Sto. Niño. She is 41 years old, married and has four children. Her eldest child is 10 years old and the youngest is only 3 months. She is a farmer and raises pigs for a living. She sells her pigs at the market. She also plants and harvests rice crops. She says part of her harvest is used for family consumption and the rest is sold in her community.
Milagrosa joined CEVI to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Milagrosa has successfully repaid a previous loan from CEVI. Milagrosa is requesting a new loan of 15,000 Philippine pesos which will be used to purchase feed and fertilizers. She plans to use the additional revenue generated from the business to supplement her family's income.
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.