Julita is a 56-years-old married woman and a mother of four grown up children from Ubay, Bohol. She has run a sari sari store, or variety store, business for several years now. She is also engaged in the rice farming business together with her husband. These are the source of their income.
Julita needs a loan. She is asking for a loan to buy fertlizer for the farm and additional inventory to sell like canned goods, noodles, chips and snack foods, soap and toiletries. With this, she will be able to improve the productivity of their farm and the sales of her store thus augmenting their profits and income.
In the future, Julita hopes to expand their business and makes it sustainable.
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.