Nilda P. is from the town of Sto. Niño. She is 49 years old, married and has 6 school-aged children. She plants rice and raises pigs for a living. She spends most of her time tilling her rice farm. When she is free of farming duties, she raises her pigs. She is planning to get more piglets to raise and sell.
Nilda joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan from CEVI. Nilda is requesting a new loan of 15,000 PHP which will be used to purchase farm supplies, piglets and feed. She plans to use the additional revenue generated from the business to improve her family's general living conditions.
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.