Magdalena is 65. She is a married woman with 8 children. Her husband works as a farmer.
Magdalena is also a farmer. She helps her husband till their land to grow rice crops and vegetables. She also raises pigs to help augment their income.
This loan will be used to purchase fertilizers and pig feed. In the future, she hopes to improve her business to help her family financially.
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.