Benigna L. is a herbal medicine dealer. She is 70 years old already, widow and has 6 children. Though she is old, she is still strong able to mange a business. She has been a CEVI client for 4 years already. She has a good repayment record and a good market of her business also.
She is requesting a loan of Php 12,000 from CEVI. She will use the loan to buy more herbal medicines which she sells to her friends, neighbors and her other regular clients. She started selling herbal medicines last 1989 using her small savings of Php 10,000.
Now, Benigna still markets her herbal medicine in their town. Because she is a CEVI client, she has access to credit assistance, trainings and insurance coverage services that CEVI gives to all their customers.
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.