Joel is 40 years old and has run a sari-sari (variety) business for the past year and a half. His store is located in front of his house and he also owns a small stall in front of the elementary school in his town where he sells snacks such as banana cue, cassava cakes, sweet potato cue, and chips. Joel earns 3,000 PHP each month.
Joel is requesting a loan to buy pigs and to buy more items to sell such as canned goods and instant noodles. In the future, he plans to start a hog-raising business to augment his income. Joel hopes that his businesses will grow and that his two children will finish college and have bright futures.
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.