Ediltrudes is a 46-year-old woman from Panglao, Bohol. Ediltrudes has been engaged in selling coconut shells and hog raising for more than 15 years now. These are the sources of her income. Ediltrudes is asking for a loan worth PHP 17,000 to buy more coconut shells and additional piglets to raise. Through this loan she will be able to improve her business and eventually her income. Ediltrudes also plans on saving money for the reinvestment of the same business and to repay her loan on time.
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.