Silvestra is a 47-year-old married woman and a mother of two grown-up children from Baclayon, Bohol, Philippines. She has been engaged in purchasing card business for more than 10 years now. Purchase order (PO) card are used to buy groceries and other department goods without using any money.
Silvestra is in need of additional capital for her purchasing card business. She is asking for a loan worth 10,000 PHP (Philippines pesos), which will be used as additional capital for her purchasing card business. The money will be used to avail more PO cards from a certain store, and Silvestra would sell it to the people who wants to do grocery without using money. An the clients would pay her money within a certain period of time.
In the future, Silvestra wants to expand her business in order to augment her income to meet the needs of the 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.