Gaudencia is a 67-year-old married woman from Ubay, Bohol. She has eleven grown children. She has engaged in mat weaving for 25 years now. She also engages in selling tobacco as her second business. Her husband is a farmer.
Gaudencia is requesting a loan for additional capital for her mat weaving. With this loan she will be able to buy what she needs in her business.
In the future, Gaudencia hopes to expand her business.
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.