Teresita is a 53-year-old married woman from Maribojoc, Bohol. She has two adult children.
Teresita operates a sari-sari (variety) store business and a small eatery where she sells home-cooked meals. In her store, she also sells commodities like canned goods, noodles, soft drinks, soaps and toiletries. She has been in the sari-sari store business for ten years.
She requested a loan of 20,000 PHP to buy more merchandise to sell like canned goods, soft drinks, casseroles, vegetables, seasoning and meat.
In the future, Teresita would like to expand her business by investing in other business ventures to support her family.
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.