Marianne, age 35, runs a sari-sari (general store) business to earn an income. She has been engaged in this business for the past nine years and earns PhP 20,000 monthly. She lives in Alicia, Bohol, with her husband and their three children. The eldest is 16 years old and the youngest is 11.
Marianne is requesting a loan in order to buy a coffee machine for her store, as well as to purchase soft drinks and other assorted goods to offer for sale. This will help her to gain more profit. With the help of this loan, she can offer a greater variety of items to her customers.
In the future, Marianne 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.