Angelita has operated a grocery store in her hometown of Talibon, Bohol, Philippines, for several years. She sells various products to the people in the community. Angelita needs more capital for the expansion of her business. She is requesting a loan of 6,000 PHP to buy more stock such as soda, food, dry goods, shampoo and other items in bulk to sell in her store. In the future, Angelita hopes to make her business a success.
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.