Juditha is a 39-year-old married woman and the mother of five young children. She has run a sari-sari, or variety store, for more than 15 years. Juditha works hard to earn a living so that she can support her husband in meeting the needs of the family, especially to pay for the schooling of their children. Juditha is asking for a loan to buy more stock to sell in her store, such as canned goods, noodles, soda, biscuits and snack foods, toiletries, and other items. With this additional inventory, she hopes to attract more customers to her store, thus augmenting her sales and income.
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.