Rita is a 39-year-old, sari-sari store owner, from Cortes, Bohol. She is a married woman with three children, ages 5, 12, and 18.
Rita sells basic household commodities needed by her neighbors, like seasoning, chips, milk, coffee, and toiletries. She is asking for a loan to buy canned sardines, corned beef, beef loaf, soft drinks, noodles, eggs, and seasoning, which are bought by her neighbors on a daily basis.
In the future, Rita wants to make improvements and expand her store, to gain a greater profit. Any income will be used for the family's daily consumption, savings, school fees, and reinvestment in the same 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.