“I started worrying about the cost of sending all of my children to school," says Lhurielyn V., a 40-year-old mother from Sta. Josefa Agusan Del Sur. “I become very reluctant when it comes to school fees because I know that paying them would reduce our family budget," she added. But when she joined the CEVI credit program, she started to raise pigs and sell them to Mr. Pitagara, a meat retailer. From this, she earned enough money for herself and her family. Now, she no longer worries about where to get the money for school fees.
Lhurielyn would like to increase the size of her pig fence. She needs a loan of $125 to purchase additional piglets to raise. She also is willing to invest in other lines of business.
CEVI continues to help Lhurielyn sustain her business. Through credit assistance, trainings and insurance coverage it offers, she can accomplish more in her chosen 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.