Teofila is a married woman with three grown children from Carlos P. Garcia, Bohol. Teofila runs a sari-sari or variety store where she sells various goods and items to the people in her area. Teofila is asking for a loan to buy more stock to sell such as canned goods, soda, chips, biscuits and noodles. Through this loan, she will be able to attract more customers to her store, thus increasing her sales and income.
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.