Magdalena is a married woman from the town of Surallah, South Cotabato. She is 40 years old and has 3 children aged 22, 20 and 18.
Magdalena has been in the hog-raising business for 15 years. She earns 5,000 PHP per month from her business. Magdalena also owns a parcel of land where she grows rice crops. She plans to use her loan to purchase fertilizers, piglets and feed. Magdalena hopes to succeed in her ventures.
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.