Lucita is a 65-year-old woman from the town of Bien Unido, Bohol. She runs a sari-sari or variety store business selling various goods and items to the people in her place. Lucita is asking for a loan to buy additional stock to sell like canned goods, candies, soda and beverages, soap and toiletries. With this loan, she will be able to expand her inventory and attract more buyers to her store, thus augmenting 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.