Avelina is a forty-four-year-old married woman from Cortes, Bohol. She has four children. She has been in the food vending business for fifteen years. She sells suman (a rice cake originating in the Philippines made from glutinous rice cooked in coconut milk, and often steamed in banana leaves), biko (a Filipino sweet sticky traditional rice cake that is made of glutinous rice or malagkit, coconut milk or gata) and puto (the Filipino term for “rice cake” which is cooked by steaming.).
She has requested a loan of 11,000PHP to buy more ingredients like glutinous rice, sugar, coconut milk and a new electric steamer. In the future, Avelina would like to expand her business to support her family as well as to elevate her status of 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.