Crisnan M. owns a small "sari-sari" store. She is 52 years old and has only 1 child. She started her business since marrying her husband, Elmer M.. Aside from the store, she also owns a van. Her husband is using it for passengers and additional income for the family. She wants to buy another van to augment their income. They also farm. They grow rice and sell all their produce to rice traders.
She is requesting a loan of Php 5,000 from CEVI. She will use the loan to buy farm supplies and additional stock for her sari-sari store business. Her loan will help her grow her store and improve the soil on her farm.
CEVI is a non-profit organization that helps people start and have their own business. They not only provide their clients credit assistance, but training and insurance coverage as well.
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.