Charito is a 41-year-old married woman from Baclayon, Bohol. She has five children. The oldest child is 20 while the youngest is 7. She is engaged in a "buy and sell" business. She buys and sells Avon products like perfume, lotion, soap, powder and other beauty products. She has been in this business for 10 years. She requested a loan of 18,000 PHP to buy more Avon products and dried fish for retailing.
In the future, Charito would like to invest in another business to improve their livelihood and also so she could be able to send her children to school.
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.