Paula is 59 years old and lives in the community of Panglao, Bohol. She is married with two adult children. She is engaged in multiple small businesses. She cooks snack food like deep-fried banana in caramelized sugar and siakoy (fried dough sprinkled with sugar). She also grows vegetables and raises hogs. She requested a loan of 12,000 PHP to buy flour, fertilizer, and feed. In the future, Paula would like to expand her business and continue saving for old age.
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.