Julieta L., aged 30, is from the town of Talibon. She is married and has three school-aged children. To make a living, she owns and operates a general store. While not the only means for generating revenue, the main source of income for the business comes from selling both food and daily use products in the local community.
In 2005, Julieta joined CEVI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan from CEVI. Julieta is requesting a new loan of 25000 PHP which will be used to purchase additional products to sell. This will be the seventh loan she has taken out from CEVI. She plans to use the additional revenue generated to expand her business.
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.