Fretzie is a 35-year-old married woman and a mother of five children from Talibon, Bohol. She runs a sari-sari (or convenience store), selling various goods and items to the people in her place.
Fretzie is asking for a loan worth 20,000 PHP (Philippines pesos) to buy more stock to sell, like canned goods, noodles, bread and biscuits, soda and beverages, soap and toiletries. Through this loan, she will be able to attract and cater to more buyers in her store, thus augmenting her sales and profit. In the future, Fretzie 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.