Maria T. is from the town of Talibon. She is 54 years old and married. To make a living, Maria owns and operates a general store, selling a variety of different products in the local community. Maria says she opened her store because she wants to serve the people in her community.
Maria joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Maria has successfully repaid a previous loan from CEVI.
Maria is requesting a new loan of 30000 PHP to purchase rice, soft drinks and other products to sell. She plans to use the additional revenue generated from the business to improve 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.