Alma is a 39-year-old married woman from Talibon, Bohol. She has five children. The oldest child is 18 while the youngest is 1 year old. She engages in a food vending business. She cooks homemade meals like fried chicken and stewed vegetables, and she also makes ice candy to bring in more income. Her husband works as a private driver. She has been doing her food vending business for more than five years now.
To be able to finance her food vending business, Alma requested a loan of 12,000 Philippine pesos to buy more ingredients like meat, fish, vegetables and seasonings. She wants to continue to serve her customers and to be able also to maintain her capital.
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.