Carmelita T. is from the town of Talibon. She is 42 years old. Carmelita is married and has 2 school-aged children. To make a living, Carmelita owns & operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling a variety of different products in the local community. Carmelita has been engaged in her business for over 8 years. Her husband is a farmer and she also helps him sell his harvest to the market.
Carmelita joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Carmelita is requesting a new loan of 6000 PHP which will be used to purchase additional products to sell. She plans to use the additional revenue generated from the business to supplement the family's income and make improvements to their house.
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.