Teofila is a 59-year-old married woman from Maribojoc, Bohol. She has 3 grown children. She engages in a retail business. She sells products like lotion, perfume, talc powder and body spray. Aside from this retail business she also operates a sari-sari (variety) store. She sells beverages, canned goods, sugar and soaps. She has been in the retail business for 3 years. She requested a loan of 17,000 PHP to buy additional items such as soft drinks, noodles, milk, coffee and condiments. In the future, Teofila would like to expand her business as well as to save the 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.