Tita is 55 years old and has earned a living for more than 30 years by weaving baskets in the town of Cortes, Bohol, Philippines. This is her sole source of income, and she is requesting a loan to buy the materials she needs to weave more baskets. This material includes buri, a native palm, thread and straw. This loan will allow her to increase her income and meet her goal of expanding her business and making it more profitable.
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.