Rizza is a nipa weaver who lives in the town of Maribojoc, Bohol. Nipa is a type of thatch made from palm leaves that is used in roofing. Rizza is requesting a loan to buy materials to do more weaving, including palm, straw and nylon. This loan will allow her to improve her business and increase her family's income. She also plans to use the additional money she earns to pay for her children's education.
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.