Susana is married and lives in Cortes, Bohol. She is 59 years old and the mother of three grown children. She earns a living by selling snack foods like banana chips, rice cakes, pastries and camote (or sweet potatos). She has been in the food-vending business for 20 years, and is requesting a loan for PHP 23,000 to buy more ingredients, including flour, cooking oil and sugar, so that she can continue to serve her customers at a nearby school. Susana does not rely on her children for support and is working hard to earn a living and prepare for old age. In the future, her goal is to invest to other business in order to have a sustainable livelihood.
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.