Cherry Gil is a 32-year-old married woman and a mother of four young children. They live in Talibon, Bohol. Cherry Gil runs a sari-sari or variety store business, selling various goods and items to the people in her place.
Cherry Gil wants to expand her business, but lacks the capital to do so. For this reason, she joined CEVI to gain access to the loan services offered by the organization to the micro entrepreneurs like her. She is requesting a loan to buy additional groceries to sell like canned goods, candies, soap and toiletries and other items. With this loan, she will be able to attract more buyers in her store, thus augmenting her sales and income. In the future, Cherry Gil has hopes of making her business a success and sustainable.
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.