Lourdes is a 27-year-old married woman from San Miguel, Bohol. She has three children. The oldest child is ten while the youngest is two. She has a sari-sari (variety/general) store business. She sells items like soft drinks, canned goods, noodles, sugar, and powdered milk. She usually earns five thousand pesos a month through sales of the sari-sari store. She requested a loan of 8,000 PHP to buy additional items like soft drinks, canned goods, noodles, and sugar. Lourdes would like to expand her business by investing in other products in order to support her family, as well as to save for her children's quality education in the future.
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.