Chalita runs a sari-sari or variety store business in her place and sells various goods and commodities to the people there. Chalita is asking for a loan to buy additional groceries like canned goods, noodles, chips and snack foods, soap and toiletries. With this she will be able to cater and sell more products, thus augmenting her sales and profit. In the future, Chalita hopes of making her business a success. Moreover, she wants to save money for the reinvestment of the same business and for savings purposes.
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.