Norberta is a 36 year old married woman. Her business is a sari-sari (variety) store; she sells goods to her neighbors and people in her town. She has three children she takes care of very lovingly. As a member of CEVI, she hopes that the MFI will continue to grow and help the poor. Norberta applied for a loan of PHP 12,000. She will use this loan to buy stocks for her store so that she can be of service to people in her town.
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.