Roseminda D. is from the town of Banga. She is 51 years old. Roseminda is married. To make a living, Roseminda raises crops. The main source of income for the business comes from planting and harvesting rice for sale. Roseminda also grows ducks and turkeys. She hopes to grow pigs too.
Roseminda joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Roseminda has successfully repaid a previous loan from CEVI. Roseminda is requesting a new loan of 12,000 Philippine pesos, which will be used to purchase fertilizers and livestock feed. She plans to use the additional revenue generated from the business to supplement the family's income.
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.