49-year-old Esmeralda has had a sari-sari (variety) store business for 20 years. She is married and has three children. Esmeralda sells various products like soap, shampoo, coffee, sugar and vinegar. She also sells coconut wine and prepaid mobile load (cell phone minutes) to the people in her community. Esmeralda works hard to support her family. She requested a loan to buy more items to sell such as coconut wine, prepaid mobile load and canned goods. Esmeralda hopes to have a better quality of life.
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.