Elsa is a 69 year old woman and a mother of five grown up children. She is a dressmaker and has been running a tailoring business in their place in Talibon, Bohol, Philippines for more than thirty years now. This is her source of income in meeting the needs of the family.
Elsa joined CEVI in order to gain access to the financial services offered by the organization. She wants to take another loan since she already paid the previous one. She is requesting for a loan worth 5,000 PHP to buy materials for sewing such as cloth, thread and others. With this, she will be able to cater to more customers who will come to her shop for her services.
Elsa believes that this loan could definitely help her in making her business successful.
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.