Ma. Rowilie L. is a 31-year-old mother of two children. She has a general store business situated close to her house. She uses her income from selling different kinds of goods to meet the daily needs of her family. She started her store using her savings of PHP 3,000. Her husband, Divino L., helps her run the business. She would like to ask a loan of PHP 10,000 from CEVI to buy additional merchandise for her store. She plans to use the loan to grow her business, and thus increase her sales and income.
CEVI helps small businesses grow. CEVI provides its clients credit assistance, trainings and insurance coverage.
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.