Teresita is a 58 year old married woman from Ubay, Bohol. She has two dependent sons ages 17 and 10. She has been engaged in a sari-sari, or variety store, business for 15 years and her husband works as a fisherman.
Teresita sells items like toiletries, canned goods, noodles, soft drinks, candles, food snacks etc. to the people in her community. She earns about 6000 PhP per month with her business. Teresita is requesting a loan to buy additional stock for her store.
In the future, Teresita dreams to expand her business so that she can support the education of her children and 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.