Ma. Elena is a 49-year-old married woman from Panglao, Bohol. She has five children. The oldest child is 22, while the youngest is 4. She raises pigs.
Aside from hog raising, Ma. Elena operates a sari-sari (variety) store. She sells commodities like sugar, condiments, soap, eggs, cooking oil and toiletries. She has been in the sari-sari store business for five years. Her husband is a carpenter.
Ma. Elena requested a loan of 10,000 PHP to buy more items to sell like soft drinks, noodles, seasonings and canned goods.
In the future, Ma. Elena would like to invest in other ventures to support her family, as well as save for the education 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.