Silveria, 53, owns a 'sari-sari' (variety) store. She sells various types of goods in her store to provide the daily needs around her neighborhood. She started this kind of business a long time ago. Now she’s a member of Community Economic Ventures, Inc. to gain access to a loan of 25,000 Php, enough to provide additional capital to fill her store with groceries. She has one child to support in her family. This loan will be of great help to provide more groceries for her store.
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.