Restituta R. is from the town of Trinidad. She is married and has 8 children. Her eldest child is 27 years old while the youngest is only 6 years old. Five of her children are still in school and Restituta works hard to sustain their education.
To make a living, Restituta owns & operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for fattening and sale. Restituta has been engaged in her business for over 3 years and earns approximately 5000 PHP a month for these activities.
Restituta joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. She is requesting a loan of 8000 PHP which will be used to purchase additional piglets and feed. She plans to use the additional revenue generated from the business to pay for her children's school fees.
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.