Jesus is a 45-year-old married man from Ubay, Bohol. He has run a sari-sari or variety store business for several years now. He sells various goods and commodities to the people in his area. He is asking for a loan to buy more stock to sell, like canned goods, noodles, chips and snack foods, soap and toiletries. In the future, Jesus hopes of expanding his business and he saves money for reinvestment into the same business.
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.