Angelica is a 38-year-old married woman from Bohol, Philippines. She runs a sari-sari or variety store business, selling various goods and items to the people in her neighborhood. Angelica is asking for a loan to buy more stock to sell like noodles, canned goods, soap, detergents and others. Through this, she will be able to attract more buyers and augment her sales as well as her income. In the future, Angelica hopes of expanding her business and saving money for the schooling of her children.
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.