Ma. Elena L. is from the town of Panglao. She is 46 years old. Ma. Elena is married and has 6 children. Her eldest child is 20 years old and the youngest is 2. To make a living, Ma. Elena 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.
Ma. Elena joined CEVI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Ma. Elena has successfully repaid a previous loan from CEVI. Ma. Elena is requesting a new loan of 17000 PHP which will be used to purchase additional products to sell. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.
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.