Cresencia A., 34 years old, is a native of Getafe, Bohol. She is married and is the mother of four. Her former experience as a saleslady has somewhat inspired her to start her own business. With PHP 6,000.00 as starting capital, she was able to establish a small store of goods. Along with this, she also has a videoke (singing) machine and computer games to meet her neighbors’ short time leisure.
Since she wanted to expand her business, Cresencia applied for a PHP 12,000.00 loan from Community Economic Ventures Inc. (CEVI), a growing micro-finance institution in the Philippines. This amount will be used to purchase more goods for the store.
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.