Lucrecia, age 45, earns an income by buying and selling such items as children's shoes, dresses, bags, socks, and umbrellas. She lives with her husband and their four children in Talibon, Bohol. The oldest child is 13 years old and the youngest is six.
In order to remain able to cater to the needs of her customers, Lucrecia has requested a loan in the amount of PhP 21,000, which she will use to replenish her inventory of shoes, dresses, socks, bags, and umbrellas.
In the future, Lucrecia would like expand her business in order to better support her family.
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.