Teresita A. is already 70 years old; but despite the age, she is still strong and able to do business in the community. Teresita is a seamstress and has become quite popular making good clothes for all her clients. People come to her house for their dress needs especially wedding and party dresses. Teresita has eight children and is already a widow. One thing she is happy about, however, is that all her children were raised with good values and high morals. She forgets when exactly she started her tailoring business. What she remembers is that she was still single when she learned how to tailor clothes.
Teresita is now requesting a loan of PHP 6,000 to buy accessories for dressmaking. Part of the loan will also be used to repair her sewing machine. In this way, she can run her dress shop more efficiently and have more sales.
CEVI provides their clients with the credit assistance, trainings, and insurance services that they need.
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.