Efigenia, a merchant, has owned a small grocery store for more than 15 years now. She lives in Panglao, Bohol, Philippines, with her nine grown children.
Her business consists of selling food and personal products rice, sugar, oil, beans, soda, and other snack foods. The business is the source of her daily income.
Efigenia needs to make further investments in her store, but she lacks the funds to do so. She is requesting a loan to buy additional items or merchandise to sell, like rice, sugar, canned goods, sodas, and other snack foods. With the loan, Efigenia will be able to augment her stocks to attract more customers, thus giving her the chance of increasing her sales.
Efigenia hopes to make her business grow and become more sustainable.
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.