Elena is a 34-year-old married woman with 4 children ages 6, 7, 9 and 14. She makes native baskets made of rattan. She earns 2000 PHP per month with this business. She also raises pigs for fattening and sale. Elena works hard to help provide for her family's daily needs and sustain her children's education. She plans to use her loan to purchase weaving materials and pig feed. Elena hopes for her family to have a better standard of living.
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.