Gaudiosa is a merchant living in Bohol, Philippines. She has been in a retailing business for more than 30 years now. She sells clothes, slippers and other household materials.
Gaudiosa needs more capital for the expansion of her business. She is requesting a loan worth 20,000 PHP to buy additional stocks for her store such as ready-to-wear garments, slippers and others. With this, she will be able to cater to more customers in her place.
Gaudiosa dreams of making her business a successful one to generate more income to finance the family's daily needs. Any additional revenue will be used for reinvestment in the same business and for savings.
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.