Carmelita is a 44-year-old married woman who lives in the town of Talibon, Bohol with her family. She runs a sari-sari (variety) store business. She sells various items like coffee, sugar, canned goods and soap. She also sells vegetables and dried fish to the people in her community.
She has requested a loan to buy more items to sell, such as canned goods and vegetables. Carmelita hopes to earn better and be able to pay for her children's school fees.
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.