Jenelyn owns a bakery. She is 23 years old and from Mabini, Bohol. She is married with a 2-year-old daughter to support with her business. Her husband works as the baker, while she helps around as the partner of their business. Their bakery started two years ago and brings in 4,000 Philippine pesos (PHP) income per month for the family. In addition to her bakery, she also raises hogs for a living.
Jenelyn is asking for a loan of 10,000 PHP to buy feed, flour and cornstarch to sustain her businesses. In the future, she hopes to make her business bigger so she can provide a better life for her family.
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.