Elvira is 42 years old, married and has six children, ages 4 to 20. She lives in Antequera, Bohol and is engaged in basket weaving. She sells baskets made of nito, or native palm. Her husband is a carpenter who helps her finance the family's daily needs. She requested a loan of 4,000 PHP to purchase nito (native palm) and wicker (hard-woven fiber formed into a rigid material, usually used for baskets or furniture). In the future, Elvira would like to invest in other ventures to support her family as well as to send her children to school.
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.