“God has been good to me considering that I am already a widow but still able to raise all my 5 children alone without a partner”, says Elena C., from the Calinan District, Davao City. She has joined other entrepreneurial poor in the CEV program.
She invests in hog raising. With the help and support of her eldest son she able to run the business. From the profits she earns from her business, Elena is able to provide for the needs of her children.
Elena is requesting another loan of $450 from CEV to purchase additional piglets and feed. “ With my first loan, I have already received good returns from my business which I really hope will help us uplift our lives” she says. "Now that I’m an active member of CEV, I enjoy receiving the credit assistance, trainings and insurance coverage they offer” she added.
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.