Susana is 59 years old, married and the mother of three grown children. She lives in Fatima, Cortes, Bohol and earns a living by selling various types of food, including pancakes, maruya (a deep fried, flour-coated banana that is sprinkled with sugar), rice cakes and popsicles at a local school. She is requesting a loan for PHP 16,000 to buy additional ingredients such as baking powder, sugar, margarine, flour and bananas. This loan will allow her to continue operating her business and better support her family by earning additional income.
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.