Adelaida is a 53-year-old married woman from Talibon, Bohol. She has two grown children. She engages in retail business. She buys and at the same time makes native hats made of buli (palm). She has been making hats for more than five years.
Due to lack of capital to continue her livelihood, Adelaida requested a loan of 15,000 PHP to buy more materials like buli (palm) and to buy more hats to cater the needs of the customers.
In the future, Adelaida hopes to improve her hat making business so that she can pay her weekly dues and set aside savings for the future.
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.