Marcelina is a 58-year-old, married woman and a mother of six grown children. They live in Bohol, Philippines. She operates a sari-sari or variety store business, selling various goods and commodities to the people in her place.
Marcelina is asking for a loan to buy additional merchandise to sell, like canned goods, candies and snack foods, soda, toiletries, rice, and feed for the pigs. With this loan, she will be able to sell more and increase her profit 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.