Nena is a 59-year-old farmer from Trinidad, Bohol. She is married and has 10 children. Nena and her husband till their land together and grow rice crops to sell. While her husband mainly manages the rice farm, Nena also runs their sari-sari (variety) store business, which they started a year ago. She sells items like vinegar, cooking oil, instant noodles and canned goods. Nena earns 4,000 PHP monthly from her store.
Nena has requested this loan to purchase fertilizer for the farm and more items such as canned goods and noodles to sell in the store. Nena hopes this loan will help improve their businesses.
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.