Magdalena is 53 years-old and is a married woman with five children, two of whom still attend school. Magdalena's husband works as a carpenter and driver.
Magdalena has had a sari-sari store business for quite some time now. She sells soft drinks, purified water, and toiletries. She is able to help provide for her family's daily needs with her income from the store. However, Magdalena also experiences times when there's almost nothing left to reinvest in her store. She hopes for her daily income to increase so she can help more with their household needs. She plans to use her loan to buy more items to sell such as canned goods, noodles, and toiletries. Magdalena hopes for her sari-sari store business to grow.
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.