Aurea runs a sari-sari, or variety store, business selling various goods and items to the people in Getafe, Bohol. Aurea is asking for a loan to buy additional stock of canned goods, candies, soda, and beverages to sell. With this, she will be able to attract and cater to more buyers, thus increasing her sales and income. Aurea hopes to expand her store in the future so that it will generate more revenue necessary for the needs of her family and for reinvestment in the same business.
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.