Adelaida is a 61-year-old woman from the town of Baclayon, Bohol. She is married with 2 grown children. She engages in a food vending business. She makes and sells snack food like suman (made from glutinous rice cooked in coconut milk, and often wrapped in banana leaves and steamed) and puto (rice cake). This is her main source of livelihood. Her business started more than 5 years ago. She is asking for a loan to buy assorted ingredients for the food vending business, to continue her livelihood activity.
In the future, she hopes to expand her food business and increase business profitability for sustainable livelihood.
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.