Ma. Magdalena is a 47-year-old married woman from Cortes, Bohol. She is a mother of a 16-year-old daughter. She runs a retail store in the community. She sells commodities such as powdered milk, sugar, eggs, noodles, seasonings and toiletries. Aside from operating a retail store, Ma. Magdalena raises hogs. She works hard to earn a living. She has been in the hog-raising business for eight years. She requested a loan of 5,000 PHP to buy additional piglets, feed and pig supplements to produce healthy pigs. In the future, Ma. Magdalena would like to expand her business to support her family as well as to save for the college the education of her child.
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.