Lucila is a 50-year-old woman from the town of San Miguel, Bohol. She is married with five children. Her eldest is 26 and her youngest is 6 years old. She has operated a sari-sari (variety) store for 12 years. She sells basic commodities like snack food, toiletries, seasonings and canned goods. She usually earns a profit of 1,000 Philippines pesos (PHP) per month.
She is asking for a loan to buy rice, seasonings, toiletries, condiments and chips to add to her inventory. This will help boost her customers' patronage and increase her income. In the future, she hopes to have a bigger store and a better supply of merchandise to earn a better profit.
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.