Sesenio S. Jr. owns a sari-sari (convenience) store and at the same time a chain saw business in Talibon Bohol. He is a graduate loan recipient of Community Economic Ventures Inc.and that is why he qualifies for an ASENSO business loan which is intended for a client who has an established business.
Sesehio would like to apply a loan of PHP 50,000 from Community Economic Ventures Inc. He will use the loan to buy additional merchandise for his business to offer her customers a wider selection.
CEVI supports its clients during the early stages of their business. It continues to support its clients during the later stage because it believes that the business will create a lot of employment for many people in the community.
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.