Rubelyn L. is from the town of Talibon. She is 30 years old, married and has 2 children. She is a fish vendor. She buys directly from fishermen and sells the fish at the market. Her husband is also a fisherman. Rubelyn is also happy that she now has a small sari-sari store where she sells various products in her community. She hopes for her ventures to prosper.
Rubelyn joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Rubelyn has successfully repaid a previous loan from CEVI. She is requesting a new loan of 25,000 PHP which will be used to buy more fish and additional store inventory. She plans to use the additional revenue generated from the businesses to make improvements to her house.
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.