Annabele B. is from the town of Sta. Josefa. She is 32 years old. Annabele is married and has a 14-year-old child. To make a living, Annabele raises pigs for fattening and sale. Annabele has been engaged in her business for over three years and earns approximately 3,500 Philippine pesos (PHP) a month from it.
In 2008, Annabele joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Annabele has successfully repaid a previous loan from CEVI. Annabele is requesting a new loan of 11,000 Philippine pesos (PHP), which will be used to purchase baby livestock to raise and sell in the future. She plans to use the additional revenue generated from the business to expand her business and pay for her child's tuition fees.
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.