Maria is a 53-year-old, married woman from Antequera, Bohol. She sells puto (rice cake) to a nearby school as a source of income. She has been in the food vending business for 10 years. Maria earns 7,000 pesos a month by doing the food vending. She requested a loan of 6,000 PHP to buy more ingredients like flour, sugar and cooking oil. In the future, Maria would like to invest in other business ventures to support her family as well as to have a sustainable livelihood.
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.