Gina G. is from the town of Panglao. She is 30 years old. Gina is married and has three young children. To make a living, Gina owns and 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 to the local community. Gina says she wishes to have her own savings.
Gina joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Gina has successfully repaid a previous loan from CEVI. Gina is requesting a new loan of 10000 PHP which will be used to purchase additional products to sell.
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.