With a Php 3,000.00 starting capital, 34-year-old Rowena O. was able to start her lamination business. Although her first love is music, she did not pursue it because she was not contented with her income. In her present business, she is able to help her husband with their spending including the school fees of their two kids.
In order to improve her business, Rowena joined the Community Economic Ventures Inc. (CEVI) and started to avail herself of its wide variety of services. In fact, she is currently applying for a Php 10,000.00 loan from CEVI that will be used in purchasing equipment for lamination.
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.