Maria Elenita is a 40 year old widow woman from Anda, Bohol. She has three children. The youngest child is seven while the oldest is 18. She owns a variety store in her community. She sells items such as sugar, beverages, detergents, toiletries and soft drinks. Aside from managing a retail store, she raises hogs. She has been raising hogs for five years.
She requested a loan of 29,000 PHP to buy additional stock for the store and to purchase feeds and pig supplements. In the future, Maria Elenita would like to expand her business to support her three children and at the same time to be able to send her children 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.