Delie S. is managing a small sari-sari store. She is 33 years old, married and has 3 children. Her husband, Bonifacio S., is very supportive of her in her business. In addition to her store, Delie also owns a small rice field. She and her husband till the land and plant rice and vegetables to supplement their income.
She is asking a loan of PHP 15,000 from CEVI. She will use the loan to buy additional stocks of merchandise in her store. She thinks that having a larger display of goods will attract more customers. The loan will really help her family increase their income.
CEVI aims to help small business grow. It helps provide easy credit, training and insurance services to all their clients.
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.