Loida earns a living through her sari-sari or variety store business. She operates it in Bohol, Philippines. The 34-year-old mother of two has been in the business for more than five years. Loida dreams of expanding her current store but she lacks the financial means to do so. She is asking for a loan from CEVI to buy additional stocks to sell like rice, sugar, soda, beverages, bread and snack foods, cooking ingredients and seasoning, soap and toiletries. With this, she will be able to attract and cater for more buyers in her store thus augmenting her sales and profit. Loida hopes to make her business a success and to save money for the future schooling of her children.
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.