Carmelita has run a sari-sari or convenience store for more than 20 years now. She sells various products in her store to the people in the community.
Carmelita is asking for a loan of 14,000 Philippines pesos (PHP) to buy more items to sell, such as bread, biscuits, candies, personal care products such as shampoo and bathing soap, cooking ingredients and others.
Carmelita dreams of expanding her business so that it will augment her income for the sustenance of the whole family.
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.