Violeta L., photographed with her grandchild, is from the town of Sta. Josefa. She is 54 years old. Violeta is married and has 2 children. To make a living, Violeta owns and operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling a variety of different products in the local community. Violeta also started making candles. She first sold her candles to friends and now to more people in her town. She also plans to invest in selling mobile phone load credits because it's what her neighbors usually look for.
Violeta joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Violeta has successfully repaid a previous loan from CEVI. Violeta is requesting a new loan of 30,000 PHP, which will be used additional merchandise to sell, raw materials for candle making and invest in e-loading. She plans to use the additional revenue generated from the business to improve her business and pay for her children's school fees.
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.