Carmen is a 58 year old from the community of Valencia, Bohol. She is married with two adult children. Carmen’s husband is a carpenter. She has been helping support the family by operating a Sari-sari store (variety store) business for six years now. She sell toiletries, canned goods, noodles, eggs, and seasoning. She is asking for a loan of 7,000 PHP to buy additional stocks of shampoo, bath soap, coffee, cooking oil, biscuits, and canned goods. Her income provides food for her family.
In the future, she hopes to have a bigger business.
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.