Shiela May J. is from the town of Sto. Niño. She is 37 years old. Shiela May is married and has 4 children. Her eldest is 10 years old while the youngest is only aged 1. To make a living, Shiela May owns & operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes from planting and harvesting rice for sale.
Shiela May joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. She also likes its microinsurance program. Shiela May is requesting a loan of 8000 PHP which will be used to buy fertilizers, seeds and other farm inputs. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.
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.