Loida is a merchant and runs a sari-sari (variety) store, in her place in Bohol, Philippines. Loida has been engaged in the business for more than two years now.
At this time, she needs a loan for her store. She is applying for a loan, which she intends to use to buy inventory for the store, including rice, canned goods, noodles, soap and toiletries. With this purchase, she will be able to attract and cater to more buyers in her store.
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.