Teresa is a 49-year-old married woman and a mother of four children. They live in Ubay, Bohol, Philippines. Teresa has run a sari-sari or variety store business for more than20 years now. This is the source of her income. Her husband works as a fisherman.
Teresa is applying for a loan to buy additional stock to sell in her store like canned goods, candies, snack foods, noodles, soap, shampoo and toiletries, soda and beverages. With this, she will be able to improve her sales and income.
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.