Newmee M. is from the town of Santo Niño. She is 31 years old, married and has a one-year-old child. Newmee has been engaged in rice farming for almost twenty years already. She learned farming from her parents. When she got married, she and her husband invested in land that they are now cultivating for rice crops. She also raises hogs to have an extra source of income. She hopes to acquire more piglets to grow.
Newmee 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.
Newmee is requesting a new loan of 20,000 PHP which will be used to purchase fertilizers, additional piglets and feed. She plans to use the additional revenue generated to improve her business.
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.