Charito B. is from the town of Tagbilaran. She is 39 years old and married with 5 children, aged 18, 16, 13, 11 and 5. Charito is a Natasha (a direct sales company) dealer. She says she started selling Natasha products, such as shirts and shoes, to her friends. She also sells dried fish in her community. Charito is working hard to build her business. She also plans to sell Pyrex kitchen cookware.
Charito joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan from CEVI. Charito is requesting a new loan of 17,000 PHP which will be used to purchase additional products to sell. 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.