Praxedes is a 59-year-old married woman from Loon, Bohol. She has four children. The oldest child is 37 years old.
She has been in the tuba (coconut wine) vending business for 10 years. She sells tuba (coconut wine) and suka, a vinegar made from fermented coconut. She plans to use the loan to buy additional gallon containers for tuba storage, more tuba to sell, and more bottles for the suka (vinegar).
In the future, she wants to expand her business to have a sustainable livelihood.
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.