Jean M. is from the town of Sto. Niño. She is 56 years old and married. She has five children; the eldest is 32 and the youngest is 23 years old. To make a living, Jean plants and harvests rice for sale. With her income from her business, Jean also supports her grandchildren, especially in their education.
Jean joined CEVI to gain access to financial services with the hopes of improving her living situation and ability to engage in business activities. Jean has successfully repaid a previous loan from CEVI. Jean is requesting a new loan of 10,000 PHP which will be used to purchase fertilizers and other farm inputs. She plans to use any additional revenue generated from the business to supplement her 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.