Algin is a 27-year-old married woman with two young children. Her husband is a fisherman. For the past four years, Algin has run a sari-sari (retail) store where she sells items like canned goods, noodles, shampoo, and soap to people in her community. She earns 15,000 PHP per month with her business. Algin also supports her husband by selling his catch at the market.
Algin is requesting a loan to buy both fishing nets and more items to sell such as canned goods and rice. She hopes to achieve her future goals of sending her children to college and expanding her 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.