Yolanda B. is from the town of Sto. Niño. She is 51 years old, married, and has five children, some of whom still attend school. To make a living, Yolanda tills a farm where she plants and harvests rice crops for sale. She also raises ducks. Yolanda aims to have her children finish college and have bright futures. She says that she and her husband work hard to sustain their family's needs and their children's education.
Yolanda joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Yolanda has successfully repaid a previous loan from CEVI. Yolanda is requesting a new loan of 8,000 PHP, which will be used to buy seeds, fertilizers, and duck feed. She plans to use the additional revenue generated from the business to improve the 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.