Pacita G. is from the town of Banga. She is married and has a 26-year-old child. Pacita owns & operates a general store where she sells food & daily use products in the local community. She also helps her husband maintain their rice farm. She makes sure it is free of weeds and pests. Her wishes for the future are for her business to grow and for her family's living conditions to be improved.
Pacita joined CEVI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan from CEVI. She is requesting a new loan of 10,000 PHP which will be used to purchase additional products to sell. This loan will be the sixth loan taken out by Pacita from CEVI.
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.