Vilma is a 44-year-old married woman and mother of three school-aged children. She is from Cortes, Bohol. She has been engaged in basket weaving for several years now.
Vilma wants to expand her business, but lacks the capital to do so. She is asking for a loan to buy more materials for basket weaving, such as bamboo sticks, straw, and "buri" (native palm).
In the future, Vilma wants to explore another venture to augment her income so that she can continually send her children to school for better learning.
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.