Myrean is a 30-year-old married woman from Garcia, Bohol. She has one five-year-old child. She has run a sari-sari, or variety store, business for five years now. She sells oil, canned goods, toiletries, and biscuits. This is the source of her income. She earns PHP 5,000 a month. Her husband is a fisherman.
Myrean is requesting a loan to buy more items like rice, canned goods, noodles, toiletries, seasonings, and soft drinks. These items will help her earn higher profits.
In the future, Myrean hopes to expand her business and send her child to school.
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.