Ma. Lyn M., 29 years old, has been a food vendor for three years. Ma. Lyn is married and has two children. To make a living, Ma. Lyn owns & operates a business preparing and selling cooked food for daily meals. She is seeking funds to help her buy additional merchandise. She is working very hard to be able to help buy the basic needs of her family.
She needs a loan of PHP 5,000. She will use the loan to buy food ingredients. In that way, she will be able to provide her customers with more food with variety. She said that she likes the services of CEVI. She likes it because she also has micro-insurance coverage.
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.