Monalisa is a 26-year-old married woman from Talibon, Bohol. She runs a sari-sari (variety store) business. She sells items like sugar, coffee, biscuits, shampoos, and other basic commodities. Monalisa requested a loan of 13,000 PHP to buy various goods like beverages, toiletries, and biscuits to avoid stock shortage and to provide a variety of goods to choose from. In the future, Monalisa would like to expand her sari-sari (variety) store to 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.