Lydia, 57 years old, is married and has six children, all still in school. Lydia runs a sari-sari, or convenience store, selling various items to the people in her locality. Lydia is requesting a loan of 4,000 PHP to buy additional merchandise, such as snack food, shampoo, detergent, cooking ingredients, etc. to sell in her store. This will enable her to cater to her customers' needs. Lydia hopes to see her business become successful. In addition, she wants to send her children to school for better learning and for a bright future.
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.