Lucena T. is married to Jeffrey, they have 4 children and her eldest child is aged 23. She is 41 years old and an owner of a sari-sari store. She also owns a fishing boat and another one used for public transportation. She likes CEVI because of its low interest and its programs are good. She joined CEVI and is asking for a loan of PHP 50,000. Her loan will be used as additional capital for her sari-sari store in order to buy materials needed, and the remaining amount will be used to repair her boat.
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.