Felixia is a married woman living in Bohol, a province in the Philippines. She is the mother of one child. Felixia has been in the food vending business for several years, selling local delicacies and desserts in her locality. This is the source of her income. Felixia is asking for a loan to buy ingredients for the food she prepares, such as flour, sugar and butter, as well as additional groceries to sell in her store, including canned goods, candies, soda and rice. With this loan, she will be able to increase her sales and eventually improve her profits.
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.
A loan of $275 helped Felixia to buy ingredients for the delicacies she prepares, such as flour, sugar, and butter, and additional groceries to sell in her store, including canned goods, candies, soda and rice.