Lucia is from the town of Loon, Bohol. She is 52 years old, married, and has 3 children. Lucia planted bananas on her land and now grows and sells banana cue (caramelized fried bananas) in her neighborhood. She also makes other delicacies like rice cakes. Aside from selling food, she also grows pigs in her backyard. She and her husband also decided to invest in a billiard hall. Lucia works hard and hopes to have a stable business.
Lucia joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lucia has successfully repaid a previous loan from CEVI. She is requesting a new loan of 14000 PHP to invest in expanding 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.