With only Php 5,000.00 as a starting capital, 29-year-old Julieta L. was able to open a small grocery store beside their house in Talibon, Bohol. She formerly had a fishing business, but it turned out that the income from her fishing venture could not suffice for her family’s needs. Although her husband is earning money as well, Julieta fears that in the future, they might not be able to send their three children to college if she lets him earn alone.
Her store is presently operating at the average. But Julieta refuses to remain in this status. She wants to expand the business, which made her decide to ask for this loan through the Community Economic Ventures, Inc. (CEVI). She is happy that she can not only use this service, but also meet with her fellow members during their cluster meetings.
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.