Marcela S. is a pig farmer. She is 72 years old and has six children. Despite her age, she is still strong and able to run her business. She enjoys raising pigs. Marcela still helps her children and their families: her profit goes toward their needs as well as the educational fees of her grandchildren. She also sells "bibingka" (rice cake) in her village. Bibingka is a very popular Filipino delicacy.
She is asking for a loan of Php 23,000 from CEVI. She will use the loan to expand her business by buying more piglets and more feed as well as improving her pig fence. The loan will help Marcela raise more pigs.
CEVI helps people start and run their own businesses. They provide their clients with credit assistance, training, and insurance coverage to help their businesses grow. Through CEVI’s microfinance efforts, people have the opportunity to better support their families. CEVI has been providing and expanding these services for 10 years.
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.