Lolita is a 54-year-old married woman and a mother of three children from Talibon, Bohol. She has operated a videoke/karaoke machines business in her place for more than five years now. This is the source of her income.
Lolita is asking for a loan buy another set of machines for the expansion of her business. With this, she will be able to improve her earnings and profit. In the future, Lolita hopes to make her business a success. In addition she wants to save money for the schooling 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.