Nicky is 33 years old and married with 2 children, ages 12 and 14. She lives in Lag-itan, Panglao, Bohol. She engages in selling various commodities like canned goods, noodles, seasonings, and beverages. She also bakes native delicacies like cakes and pastries. She has requested a loan of 8,000 PHP to buy ingredients like flour, cooking oil and sugar. She works hard to earn a living. In the future, Nicky would like to open up a stall in which she could display her native delicacies. By combining both business she would be able to earn a living and at the same time save for her children's college education.
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.