Marjorie is a 32-year-old married woman with 4 children. She lives in Cortes, Bohol. She is engaged in a basket weaving business. She makes baskets made of buri (native palm). She has been in the basket weaving business for 7 years. Her husband is a laborer.
She requested a loan of 2,000 PHP to buy materials for basket weaving like nito (native palm) and wicker (a hard-woven fiber formed into a rigid material, usually used for baskets or furniture). In the future, Marjorie would like to expand her business to support her family as well as to save for her children's schooling.
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.