Loreta R. is a pig grower. She engages in this business because she enjoys doing the work and she finds it profitable enough to support the needs of her family. She has four children who are all in school. She wants to send all of them to college because she believes that when they graduate, they will be able to find better jobs. Her husband is a rice grower. They use part of the harvest for the family consumption and they sell the rest to traders. Loreta thinks that growing pigs is a better way for her to contribute to the family income. She is happy about how her business is going.
In 2000, Loreta started her pig business with only one sow. She wants to grow her business, so that is why she is asking for a loan from CEVI to purchase feed for her pigs and to to increase the size of her pig pen. In this way, she hopes to earn enough money to pay for their food, clothing, and other needs.
CEVI supports hard working entrepreneur like Loreta. Because of the credit assistance, training, and insurance coverage that CEVI provides to its clients, many people are able to build their own businesses.
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.