Bonifacio G. is a married man with nine children. He is 56 years old and has had a sari-sari (variety) store business for five years.
He sells items like soaps, shampoos and dry goods to the people in his community. He earns enough income with his business.
He is requesting a loan of 12,000 PHP to buy more items to sell and provide his customers with a wider variety of product selections.
In the future, Bonifacio hopes to manage a grocery store.
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.