Leonides is 44 years old and is a married woman with three children aged 19, 16 and 8. Her oldest child is in college now. Her husband works as a fireman.
Leonides runs a tailoring business at her home. She has been making uniforms, providing alterations to clothing, and repairing torn fabrics for nine years. She usually earns 500 PHP per day from her business.
Leonides has requested a loan to purchase cloth, threads, needles, buttons and other tailoring materials. She hopes for her business to grow and to be able to send her two younger children to college.
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.