Cecil P. owns a sari-sari store. She is happy about her business because it helps her provide for the needs of her family. Her husband is a fisherman. Aside from fish, her family relies on the income she makes in her store. She has five children and her eldest is just 18 years old. She is doing the very best she can to improve her business.
She would like to apply for a loan of PHP 16,000 from Community Economic Ventures Inc. She will use the loan to buy additional merchandise to resell.
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.