Maria R. has a sari-sari store business. She is a 54-year-old mother of seven children. She started her business using her own capital of PHP 3,000. The income that she earns from the store helps her pay the household expenses. She is asking a loan of PHP 10,000 from CEVI to buy additional merchandise and to enroll her children in school. The loan will help in growing her business and paying her children’s tuition fees.
CEVI is reaching out to people and helping them grow and sustain their livelihood. CEVI provides loans, trainings and insurance coverage to all its clients.
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.