Recarte earns a living through his sari-sari or variety store business. He lives in Bohol, Philippines. He sells various goods and commodities to the people in his place. He is asking for a loan to buy additional groceries to sell such as canned goods, rice, soda, noodles, soap, and toiletries. With this, he will be able to sell more products to the people in his place thus increasing his sales and profit. In the future, Recarte hopes to expand his business and make it a success.
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.