Ma. Elna is a 37-year-old married woman and a mother of four young children from Bien Unido, Bohol. She is engaged in the retail sale of cosmetics and other personal products. This is the source of her income.
Ma. Elna is asking for a loan to buy more cosmetics products like lotion, fragrance, lipstick and other items. With this loan, she will be able to sell more to her customers, thus augmenting her sales and income.
Ma. Elna dreams of making her business a success and a stable source of her income. Moreover, she wants to save money for the schooling of her children and to repay her loan on time.
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.