Carmelita is a 57-year-old married woman with 4 children. Her husband works as a Barangay official.
Carmelita runs a retail shop located near her town's market. She sells clothing items like dresses for kids, jeans and shirts. Each month, Carmelita earns 10,000 PHP with her business.
Carmelita has requested a loan to buy more items to sell such as shirts, jeans and slippers. Carmelita is hopeful that this loan will help 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.