Evangeline J. manages a small sari-sari (variety) store business. She is married to Loreto J., a rice grower, and has one child. She started the store in 1995. She keeps doing the same thing because she finds it a profitable business to do.
She needs additional capital for her business. She is asking for a loan worth Php 16,000. She will use the loan to purchase additional merchandise for her store.
Now, she is actively participating in the CEVI credit program. She receives not just loans but also training and insurance coverage as well.
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.