Clea is a 43-year-old married woman from Talibon, Bohol. She engages in the food-vending business. She sells home-cooked meals, such as soup, vegetable stew and meat recipes. She has been operating a food-vending business for almost 10 years. She applied for a loan of 8,000 PHP to buy ingredients, such as meat, vegetables, rice and soft drinks, to continue serving her customers and to earn a living. In the future, Clea hopes that her food-vending business will help improve her standard of living.
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.