Jocelyn O. is from the town of Sikatuna. She is 33 years old. Jocelyn is married and has 4 children ages 13, 9, 8 and 2. To make a living, Jocelyn owns and operates a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling mobile phone credit loads in the local community. Jocelyn also started selling more products like sugar and coffee. She hopes to acquire more products to sell.
Jocelyn joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Jocelyn has successfully repaid a previous loan from CEVI. Jocelyn is requesting a new loan of 12,000 PHP which will be used to invest in expanding the 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.