Adela is a 46-year-old married woman from Maribojoc, Bohol. She has four children, aged 21, 20, 18 and 7 years. Her husband is a laborer and helps to finance their daily needs.
Adela has been in the sari-sari (variety) store business for one year. She sells merchandise like soy sauce, vinegar, shampoo, dishwashing liquid and canned goods. She has requested a loan of 7,000 PHP to purchase additional merchandise like pouch vinegar and soy sauce, shampoo, canned goods, and dishwashing liquid.
In the future, Adela would like to expand her business to be successful in order to support the education of her children.
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.