Estrellita C., 39 years old, is a sari-sari storeowner. She is also a fish vendor. She is doing these to be able to buy the needs of their family. She is a widow with four children.
She would like to apply for a loan of PHP 12,000 from Community Economic Ventures Inc. She will use the loan to buy additional merchandise to resell. In that way, she will be able to offer her customers more products with variety. She likes the CEVI services because she is also covered by micro-insurance benefits.
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.