Rose, age 56, sells bamboo to earn an income. Bamboo is often used for flooring in the Philippines, especially in houses made of nipa. It is also often used for house fences. She has been engaged in her business for almost 10 years.
Rose lives with her family in Getafe, Bohol. Her husband works as a carpenter.
She is requesting a loan in the amount of PhP 5,000 in order to buy more bamboo. This will allow her to increase supply and improve her sales.
In the future, Rose would like to increase her available business capital in order to build her 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.