Arcel B. is a cook and owns a small eatery in her village. She is 38 years old and has only one child. Her husband, Aristarco helps her manage the business. Together, they work very hard to provide a good future for their child. Prior to this business, she sold dry goods. But she wound up with a food business because she thinks that it is a better and more profitable business.
She is asking for a loan of Php 12,000 from CEVI. She will use the loan to buy additional stock and to renovate her eatery. The loan will help Arcel attract more customers and earn more income for her family.
CEVI is helping people start and run their own business. They don't just provide loans to people; they also give training and insurance coverage to help their clients succeed in their 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.