Ruela is a 24-year-old married woman and a mother of a 4-year-old daughter. She has run a sari-sari or variety store business for more than four years now. Her husband works in a security firm.
Ruela is applying for a loan to buy additional stock to sell like canned goods, noodles, soda, soap and toiletries. With this, she will be able to improve her inventory and attract and cater to more buyers in her store. In the future, Ruela dreams of expanding her store to generate more revenue necessary for the needs of the family. She also wants to save money for the future schooling of her daughter.
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.