Tersa is a 49-year-old married woman from Antequera, Bohol. She is a mother of two children ages nineteen and fifteen years old. She has been in the basket weaving business for thirty years. She sells native handicrafts like baskets made of nito (a plant material). Aside from her basket-weaving business, she raises hogs.
Tersa plans to use the loan to buy materials for weaving such as nito, and to buy additional piglets and feed. In the future, Tersa would like to expand her business to support her family as well as to finance her children's quality education.
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.