Imelda is a 44-year-old married woman with a one-year-old child. She sells fresh fish in her her neighborhood. She is also an electronic load dealer selling pre-paid cellphone units. Consumption of cellphone loads in her town is growing fast which is why she invested in it. She plans to buy a new cellphone that she could use for loading. She applied for a loan of Php30, 000. She will use it to buy fish and hopefully a cellphone.
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.