Milaflor is a 34-year-old married woman from Duero, Bohol and the mother of three children. She runs an upholstery shop in her home. She has been in this business for more than six years.
Milaflor is asking for a loan to buy supplies, such as foam, leatherette, thread, etc. for her upholstery venture. With this loan, she will be able to serve more clients in her shop, thus allowing her to increase her earnings.
Milaflor wants to expand her business, and she saves money so that she can support the schooling 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.