Metodia C. is from the town of Tagbilaran. She is 61 years old. To make a living, Metodia owns and operates a tailoring business. The main source of income for the business comes primarily from providing general alteration and tailoring services to local community members. Metodia also runs a small sari-sari (variety) store located at the front of her house.
Metodia joined CEVI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Metodia has successfully repaid a previous loan from CEVI. Metodia is requesting a new loan of 11,000 PHP, which will be used to purchase additional fabrics and materials. She plans to use the additional revenue generated from the business to improve her business.
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.