Carmelita B. started her business in 1995 with the capital of only PHP 9000. Everyday she sells various kinds of goods aside from the seaweed farm that she and her husband have been running to support their six children. The cost of school, food, electricity, water, clothes, and other needs are rising. Carmelita is willing to work very hard to increase the family income.
She was a former saleswoman in one of the most famous malls in Tagbilaran Bohol. Later on, when she decided to get married to Delio, her husband, Carmelita stopped working and started her seaweed farm and sari sari store business in their town.
Carmelita is now requesting a CEVI loan of PHP 8,000 to buy more products to sell. She believes that her loan will bring her good profits. She is also interested in looking for some other line of business for additional income. Someday, Carmelita could send all her children to college and help them achieve their individual dreams.
CEVI helps Carmelita with her business. Now, she availed the credit assistance, trainings, and insurance coverage that CEVI offers.
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.