Urcisina is a 63 year old married woman with 2 grown up children. She is engaged in the coconut wine vending business. Urcisina also sells soft drinks like Pepsi and Coke.She earns 8,000 pesos a month by doing both businesses. She has been in the coconut wine business for 40 years. She requested a loan of 7,000 PHP to buy to buy additional soft drinks, coconut wine and additional capital for load retailer business. Urcisina would like to expand her business in order to save at the same time in preparation of old age.
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.