Emma, age 35, earns an income by buying and selling household wares such as blankets, mats, and kitchen utensils. She and her husband have seven children between the ages of six and 16 years old. The family lives in Talibon, Bohol.
Emma has requested a loan in the amount of PhP 10,000 in order to buy additional items to sell, such as chopping dishes, floor mats, and similar household wares.
In the future, Emma would like to invest in another business to augment her income and eventually to be able to start up a sari-sari (variety) store. Her goal is to continue to send her children to school.
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.