Mercedes is a 41-year-old married woman from Talibon, Bohol, Philippines. She has run a sari-sari (convenience) store for more than two years now. She sells snack foods, household materials and other items to the people in the community. As of this time, Mercedes needs more funds for the expansion of her business. She is asking for a loan worth PHP 4,000 to buy additional stocks to sell in her store such as: canned goods, biscuits, detergents, soda, snack foods, and others. Through this, Mercedes will be able to attract and cater to more customers and will increase her sales and profit from the business. Mercedes hopes of making her business a successful one in the near future.
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.