Rosalia is a 36-year-old married woman and mother of three young children from Bohol, Philippines. She has been engaged in her mat weaving business for more than seven years now. This is the source of her income.
Rosalia works hard to support her husband in meeting the needs of the family, especially for the schooling of her children. Rosalia is asking for a loan to buy coloring and romblon--a tropical plant--and other materials for mat weaving. Through this, she will be able to weave more mats, thus giving her more to sell in the market.
In the future, Rosalia hopes to expand her business so that it will continue to generate more revenue necessary for the needs of her family.
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.