Ma.Amelyn, a merchant who runs a sari-sari or convenience store in Bohol, Philippines, has been in business for several years now. She needs additional capital for the store, and so is requesting a loan worth PHP 8000 to buy more stocks to sell such as noodles, canned goods, etc. She believes that this loan could be a great help in improving her enterprise.
In the future, Ma.Amelyn wants to reinvest profits in the store because it is profitable.
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.