Cirila A. is a 48-year-old entrepreneur and mother in San Miguel Bohol, a poor community with livelihoods predominantly in agriculture and fishing.
She has a sari-sari (variety) store business and has been managing her business for a long time already. She started her business using her Php 3,000 savings. She wishes that, someday, she will turn her small store into a grocery where she could sell more goods and earn a bigger income for her family.
She would like to ask for a loan of Php 4,000 from CEVI. She will use the loan to buy additional stocks of merchandise to sell. The loan will help increase her income all the more.
CEVI is reaching out to people to enable them to start and have a business. It provides not just loans 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.