Gaudiosa, 46 years old, is married and has 3 children aged 8, 11 and 16. She has operated a sari-sari (variety) store business for 3 years. Gaudiosa earns 7,000 PHP per month selling various items such as toiletries, canned goods and snack foods. Gaudiosa hopes for her income to increase and to be able to sustain her children's education. She requested a loan to purchase canned goods, noodles and other merchandise to sell. Gaudiosa hopes for this loan to help increase her sales and profitability.
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.