Irenea O. is from the town of Surallah. She is 54 years old, married, and has three children. To make a living, Irenea raises 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. Irenea works hard to provide for the increasing needs in her household. She hopes to have a stable income.
Irenea joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Irenea has successfully repaid a previous loan from CEVI. Irenea is requesting a new loan of 15,000 PHP, which will be used to purchase fertilizers such as manure. She plans to use the additional revenue 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.