Adela is a 39-year-old married woman from Antequera, Bohol. She has three children, age 20, 18 and 5 years old. Her husband is a carpenter.
She is engaged in a basket-weaving business. She earns 4,000 PHP a month by doing the basket weaving. She works hard to support her family. She requested a loan of 4,000 PHP to purchase nito or native palm for weaving.
In the future, Adela would like to diversify into other ventures to support her family as well as finance 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.