Virgincita is a 60-year-old woman who runs a sari-sari (or convenience store) at her place in Bohol, Philippines. She has been in this business for more than 30 years now. This is the source of her income.
As of this time, Virgincita is in need of additional funds for the expansion of her business. She is asking for a loan to buy additional items to sell in her store, such as rice, soda, dry goods and other snack foods. With this, she will be able to cater to more customers, thus increasing her sales and income.
Virgincita dreams of expanding her business and making it 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.